Welcome to Bookmarker!

This is a personal project by @dellsystem. I built this to help me retain information from the books I'm reading.

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propensity to hold assets in liquid form (defined by Keynes in The General Theory of Employment, Interest and Money)

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liquidity preference



Keynes called this propensity to hold assets in money form "liquidity preference," "liquidity" being the ease with which an asset can be readily monetized, i.e., exchanged for money. So if "liquidity preference" is high, it suggests people feel insecure or uncertain

—p.42 Capitalist Political Economy: Smith to Marx to Keynes and Beyond (17) by Geoff Mann
notable
6 years, 8 months ago