Interest, Growth, & Inflation: The Contractual Savings Theory of Interest - Paperback

by Richard H. Day (Foreword by), John Burr Williams (Author)

The author develops a macroeconomic theory of the market economy based on an empirical description and financial analysis at the microeconomic level. He describes various classes of borrowers, lenders, and market mediators and the special characteristics of each that influence the demand and supply for loans.