A Book Report. This three-page undergraduate book report is about the work of John P. Cochran and Fred R. Glahe regarding the Hayek-Keynes debate on trade-cycle theory. Both theorists followed the Wicksellian transmission mechanism concerning saving, investment, and interest rates. Keynes expected public's liquidity demand and the banking system's practices to maintain the money interest rate. Hayek proceeded from an expansion of money credit resulting in a money interest rate below the equilibrium rate. 3 pgs. Bibliography lists 1 source. Pages: 3 Bibliography: 1 source(s) listed Filename: 6862 John P Cochran.doc Price: 26.85

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