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 [...]
Read this article in Hindi to learn about the four main theories of interest (with criticism). 1. सीमान्त उत्पादकता सिद्धान्त (Marginal Productivity Theory): यह सिद्धान्त ब्याज दर निर्धारण का सबसे पुराना सिद्धान्त है । इस सिद्धान्त का प्रतिपादन माल्थस, जे. बी. से (J. B. Say) आदि विद्वानों ने किया । पूँजी में उत्पादन क्षमता होती है क्योंकि पूँजी की सहायता [...]
The following points highlight the top six theories of interest. The theories are: 1. The Marginal Productivity Theory 2. The Demand-Supply Theory 3. The Abstinence or Waiting Theory 4. The 'Agio' or the 'Time Preference' Theory 5. The Loanable Funds Theory 6. The Liquidity-Preference Theory. 1. The Marginal Productivity Theory: The marginal productivity theory of interest is just an extension [...]