Harold J. Laski: “Before Bentham, who on this point converted Adam Smith, he knew that…”

On the record

Before Bentham, who on this point converted Adam Smith, he knew that the rate of interest depends upon the supply of and demand for loans.

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Harold J. Laski

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Laski credits Hume with understanding the relationship between interest rates and the supply and demand for loans before Bentham's influence.

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Harold J. Laski: “Before Bentham, who on this point converted Adam Smith, he knew that the rate of interest depends upon the supply of and…”