The Rate Of Interest And The Optimum Propensity To Consume (1938) - Paperback

by Oscar Lange (Author)

The Rate of Interest and the Optimum Propensity to Consume, written by Oscar Lange in 1938, is an economic treatise that explores the relationship between the rate of interest and the optimal level of consumer spending. Lange argues that the rate of interest is a key determinant of the level of investment in an economy, which in turn affects the level of consumption. He proposes that there is an optimal level of consumer spending that maximizes the welfare of society, and that this level can be achieved by manipulating the rate of interest. Lange's analysis is based on the Keynesian theory of economics, which emphasizes the role of government intervention in regulating economic activity. He argues that the government can use monetary policy to influence the rate of interest, and thereby encourage or discourage investment and consumption. Lange also explores the impact of inflation and deflation on the economy, and suggests ways in which these phenomena can be controlled through government action. Overall, The Rate of Interest and the Optimum Propensity to Consume is a seminal work in the field of economic theory, and continues to be studied and debated by economists today. Lange's insights into the relationship between interest rates and consumer spending have had a profound impact on economic policy, and his work remains relevant to contemporary debates about the role of government in the economy.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.