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Topic: American History
Number of pages / Number of words: 4 / 1077
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He said that the imbalance between savings and investments were at the heart of the business cycle. He said that the imbalance could not be overcome by changes in the interest rates, as he argued that there were reasons than the interest rate that motivated people to save. An even more important breakthrough was made by a Swedish economist...


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An even more important breakthrough was made by a Swedish economist.

Knut Wicksell was the Swedish economist, and it was based on his ideas that Keynes developed the theory of national income which led to the Keynesian revolution.

Say's Law suggested that any money saved will eventually get invested, and if there was some imbalance in savings and investment it would be fixed by a rise or fall in interest rate...


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Business Imbalance Estimate of the risk-free rate pf interest ("U.S. 10-year Treasury" bond rate Interest Rate Swap Interest Rate Interest Rates And Bond Valuation Interest Rates in the Economy Interest Rates: A Matter of Supply and Demand Microfinance and Rate of Interest The Fed And Interest Rates term structure of interest rates Zero Interest Rate Floor Relationship between interest rates and price of bond Fed and Interest Rates Interest Rates and Other Critical Determinants of Investment Spending in Bangladesh Interest Rates

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