This Article will help you to learn about the difference between classical capital theory, the neoclassical loanable funds theory and the Keynesian liquidity preference theory. Difference between Classical, Neoclassical, and Keynesian Theories of Interest Difference # Classical Theory: 1. Definition of Interest - According to the classical economists, interest is a reward paid for the use of capital. 2. Nature [...]
In this article we will discuss about:- 1. Assumptions of Classical Theory of Interest 2. Supply and Demand for Capital 3. Determination of Rate of Interest 4. Features of Classical Theory 5. Criticisms. The economists like Ricardo, J. S. Mill, Marshall and Pigou developed the, classical theory of interest which is also known as the capital theory of interest or [...]
Here is an essay on ‘Interest’ for class 9, 10, 11 and 12. Find paragraphs, long and short essays on ‘Interest’ especially written for school and college students in Hindi language. Essay # 1. ब्याज का अभिप्राय (Meaning of Interest): अर्थशास्त्र में मौद्रिक पूँजी के उपयोग के लिए दिया जाने वाला भुगतान ब्याज है । ब्याज राष्ट्रीय आय का वह [...]