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8. Theory of Debt, Its Proper Role, Leverage Cycles
1:15:17
YouTubeYaleCourses
8. Theory of Debt, Its Proper Role, Leverage Cycles
Financial Markets (2011) (ECON 252) Professor Shiller devotes the beginning of the lecture to exploring the theoretical determinants of the level of interest rates. Eugen von Boehm-Bawerk names technical progress, roundaboutness, and time preference as the crucial factors. Professor Shiller complements von Boehm-Bawerk's analysis with two of ...
230K viewsApr 5, 2012
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