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A Note on Chapter 29 of Keynes’s Treatise on Money

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  • Loizos, Konstantinos

Abstract

The question posed by Chapter 29 of the Treatise is the following: Is it possible, for fluctuations in liquid capital to counterbalance fluctuations in working capital and thus provide the means – apart from the motive – for a recovery after a slump? This note attempts to give an account of how Keynes answers to this question by building a theory of the forward markets.

Suggested Citation

  • Loizos, Konstantinos, 2011. "A Note on Chapter 29 of Keynes’s Treatise on Money," MPRA Paper 54022, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:54022
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    References listed on IDEAS

    as
    1. Paul Davidson, 1978. "Money and the Real World," Palgrave Macmillan Books, Palgrave Macmillan, edition 0, number 978-1-349-15865-2, October.
    2. Milonas, Nikolaos T & Thomadakis, Stavros B, 1997. "Convenience Yield and the Option to Liquidate for Commodities with a Crop Cycle," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 24(2), pages 267-283.
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    More about this item

    Keywords

    Forward Markets; Trade Cycle;

    JEL classification:

    • B26 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Financial Economics

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