Abstract
Since this article was set up, my attention has been drawn to an article bearing on the subject by W. Fellner and H. M. Somers in the Review of Economic Statistics Volume XXIII Number 1. The writers claim to prove that “loanable funds” and “liquidity preference” are formally identical but conclude (contrary to the conclusions reached above) that “loanable funds” is necessary to be preferred since the Keynesian theory involves the “unusual procedure of adding the same constant to both sides of an equation”.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Author information
Authors and Affiliations
Corresponding author
Rights and permissions
Copyright information
© 2022 The Author(s), under exclusive license to Springer Nature Switzerland AG
About this chapter
Cite this chapter
Swan, P.L. (2022). T. W. Swan: Addendum to “Some Notes on the Interest Controversy”. In: Trevor Winchester Swan, Volume I. Palgrave Studies in the History of Economic Thought. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-031-13737-2_6
Download citation
DOI: https://doi.org/10.1007/978-3-031-13737-2_6
Published:
Publisher Name: Palgrave Macmillan, Cham
Print ISBN: 978-3-031-13736-5
Online ISBN: 978-3-031-13737-2
eBook Packages: Economics and FinanceEconomics and Finance (R0)