Disproving Joan Robinson’s Interest Rate Theory

Karl Marx (1867) defined profit rate as the upper limit of interest rate, and claimed that actual interest rate must be somewhere below this limit. Detesting the uncertainty, Joan Robinson (1959) simply set interest rate to Marx’s profit rate. This paper disproves Robinson

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Year of publication:	[2022]
Authors:	Choi, Hak
Publisher:	[S.l.] : SSRN
Subject:	Großbritannien \| United Kingdom \| Zinstheorie \| Theory of interest \| Zinsstruktur \| Yield curve \| Zins \| Interest rate

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Extent:	1 Online-Ressource (5 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments June 7, 2022 erstellt
Other identifiers:	10.2139/ssrn.4130021 [DOI]
Classification:	E43 - Determination of Interest Rates; Term Structure Interest Rates
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013405407