The General Theory of Employment Interest and Money

actual aggregate demand assets assume assumption capital equipment capital-assets capital-goods cash cent Chapter classical theory commodities consumption corresponding current investment debts definition depends determine diminish economic economists effective demand efficiency of capital elasticity employed entrepreneurs equal equilibrium excess existing expectation fact factor cost factors of production fall favourable fluctuations full employment future given increase increment individual industry labour laissez-faire level of employment liquidity liquidity-preference liquidity-premium long-period marginal efficiency marginal propensity means ment mercantilist money-rate of interest Moreover output partly period preneurs production Professor Pigou profit propensity to consume proportion prospective yield purchase quantity of money rate of interest real income real wage reason reduction in money-wages rentier result rise saving schedule sense sufficient supplementary cost suppose terms of money terms of wage-units tion trade cycle Treatise on Money value of money volume of employment wage-goods wealth whilst whole zero