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Professor Shackle and the liquidity preference theory of interest-rates

McGregor, P.G. (1985) Professor Shackle and the liquidity preference theory of interest-rates. Journal of Economic Studies, 12 (1-2). pp. 89-106. ISSN 0144-3585

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Abstract

This article seeks to provide a critical evaluation of Shackle's account of the liquidity preference theory of interest in the light of recent contributions to macroeconomics and monetary theory.