Keynes' Theory of Interest Revolutionizes Understanding of Cash-Debt Market Equilibrium.
The article "Keynes' General Theory of Interest: A Reconsideration" explores different perspectives on interest rates and how they affect the economy. The researchers analyze the theory of interest from a fundamental viewpoint and examine the equilibrium in the cash-debt market. They also discuss Keynes' ideas on liquidity preference and how it relates to intertemporal coordination. The key finding is that liquidity preference plays a crucial role in shaping interest rates and influencing economic decisions.