MONEY, ECONOMIC MAN, AND MACROECONOMY, SPECULATIVE BEHAVIOUR


Bismillaahirrahmaanirrahiim,

Posting yang berikut ini merupakan cuplikan 2 paragraf pertama dari Esai saya yang ditulis di tahun October 2005, tapi tidak dipublish.Esai ini dibuat all in English dan tidak ada abstract-nya. Jadi ditampilkan hanya paragraf awalnya. Untuk tulisan lengkapnya jika dimuat disini akan kepanjangan.

SPECULATIVE

( MONEY, ECONOMIC MAN, AND MACROECONOMY )

 

Written by :

Ine Dwiyanti (ine_ak25@yahoo.com)

Student In Padjadjaran University, Economics Faculty

 

Have you ever thought why most of people buy and sell foreign currency in the volatile condition? Why most of people save/deposit their money when interest rate increase, but in the same situation proposal of credit/financing by entrepreneur is decrease? Why government worry when value of our money decrease (especially exchange rate to USD)? And the other question about people behavior on money.

In the conventional economics thought (Keynes, “The General Theory of employment, Interest and Money”) motives of some one to hold money are to transaction, precautionary and speculative. Let us focus to the speculation motive. Why these speculation motives appear? Attending of interest become important aspect on this speculation motive, in thought of conventional economics, money demand for speculation is a function of interest, Keynes express explicitly about interest rate and the expectation of future price in concerning of money demand.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s