Liquidity Preference and the Theory of Interest and Money

Liquidity Preference and the Theory of Interest and Money Author(s): Franco Modigliani Source: Econometrica, Vol. 12, No. 1 (Jan., 1944), pp. 45-88 Published by: The Econometric Society Stable URL: http://www.jstor.org/stable/1905567 Accessed: 13/11/2008 12:48 Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available at http://www.jstor.org/page/info/about/policies/terms.jsp. JSTOR's Terms and Conditions of Use provides, in part, that unless you have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content in the JSTOR archive only for your personal, non-commercial use. Please contact the publisher regarding any further use of this work. Publisher contact information may be obtained at http://www.jstor.org/action/showPublisher?publisherCode=econosoc. Each copy of any part of a JSTOR transmission must contain the same copyright notice that appears on the screen or printed page of such transmission. JSTOR is a not-for-profit organization founded in 1995 to build trusted digital archives for scholarship. We work with the scholarly community to preserve their work and the materials they rely upon, and to build a common research platform that promotes the discovery and use of these resources. For more information about JSTOR, please contact [email protected]. The Econometric Society is collaborating with JSTOR to digitize, preserve and extend access to Econometrica. http://www.jstor.org

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Texto clássico de Modigliani de caráter ortodoxo sobre Macroeconomia.

Transcript of Liquidity Preference and the Theory of Interest and Money

Liquidity Preference and the Theory of Interest and MoneyAuthor(s): Franco ModiglianiSource: Econometrica, Vol. 12, No. 1 (Jan., 1944), pp. 45-88Published by: The Econometric SocietyStable URL: http://www.jstor.org/stable/1905567Accessed: 13/11/2008 12:48

Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available athttp://www.jstor.org/page/info/about/policies/terms.jsp. JSTOR's Terms and Conditions of Use provides, in part, that unlessyou have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and youmay use content in the JSTOR archive only for your personal, non-commercial use.

Please contact the publisher regarding any further use of this work. Publisher contact information may be obtained athttp://www.jstor.org/action/showPublisher?publisherCode=econosoc.

Each copy of any part of a JSTOR transmission must contain the same copyright notice that appears on the screen or printedpage of such transmission.

JSTOR is a not-for-profit organization founded in 1995 to build trusted digital archives for scholarship. We work with thescholarly community to preserve their work and the materials they rely upon, and to build a common research platform thatpromotes the discovery and use of these resources. For more information about JSTOR, please contact [email protected].

The Econometric Society is collaborating with JSTOR to digitize, preserve and extend access to Econometrica.

http://www.jstor.org
Article Contentsp. 45p. 46p. 47p. 48p. 49p. 50p. 51p. 52p. 53p. 54p. 55p. 56p. 57p. 58p. 59p. 60p. 61p. 62p. 63p. 64p. 65p. 66p. 67p. 68p. 69p. 70p. 71p. 72p. 73p. 74p. 75p. 76p. 77p. 78p. 79p. 80p. 81p. 82p. 83p. 84p. 85p. 86p. 87p. 88

Issue Table of ContentsEconometrica, Vol. 12, No. 1 (Jan., 1944), pp. iv+1-95Volume Information [pp. iv - iv]Front MatterA Mathematical Theory of the Incidence of Taxation [pp. 1 - 18]Cyclically Invariant Graduation [pp. 19 - 25]A Note on the Derivation of Production Functions from Farm Records [pp. 26 - 34]Production Functions: Cobb-Douglas, Interfirm, Intrafirm [pp. 35 - 44]Liquidity Preference and the Theory of Interest and Money [pp. 45 - 88]The Statistical Determination of the Investment Schedule [pp. 89 - 90]The Statistical Determination of the Investment Schedule: A Reply [pp. 91 - 92]Arrest of Professor Frisch [p. 93]Possible Meeting at Cleveland, September, 1944 [p. 93]Report of the Council for 1943 [p. 94]Summary of Accounts [p. 95]Back Matter