On the Reasons for Determining the Natural Rate of Interest

Author: Joseph Massiehu Qilin (English)
Publisher:
Publish Date: 1992-02-01
Features: This book primarily critiques the views of William Petty and John Locke on the issue of interest. In the book, Massie first explains in the section "On the Proportion of Debt" that the interest rate or natural interest rate is unrelated to the size or amount of a country's debt, meaning that the natural interest rate is not determined by the debt level. Later, the author explains his own views on the causes of changes in the interest rate.