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Some Aspects of the Constitution and the Economics of Islam

This inertia of the business men gave Keynes food for thought and helped him
propound the Liquidity Preference Theory of interest. 12. He said that during a
depression period the expectations of the business men are very gloomy. It is a
period of falling prices. The expected rate of profit (which he called the Marginal
Efficiency of Capital, and which he defined as a ratio between the prospective
yield of a capital asset and the cost of producing that asset) is very low in this
period.