On interest, investment and economic growth

Thomas, Alex M. (2015) On interest, investment and economic growth. Economic and Political Weekly, 50 (17). pp. 125-126.

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In “The Interest Rate Affair,” Sugata Marjit (EPW, 4 April 2015) points out the deficiency of one particular mainstream macro­economic viewpoint. Marjit’s counterpoint, which we are in broad agreement with, is that a lower rate of interest does “not spur investments” because “[t]he rate of investment depends on other ­factors” (p 14). However, there are logical issues with his neoclassical economic methodology.

Item Type: Article
Authors: Thomas, Alex M.
Subjects: Social sciences > Economics
Divisions: Azim Premji University > School of Arts and Sciences
Full Text Status: Public
URI: http://publications.azimpremjiuniversity.edu.in/id/eprint/92
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