ABSTRACT
In an earlier study of Steuart’s theory of prices (Tortajada 1993), we highlighted three general characteristics of his thought. First, prices are not determined on the basis of a profit rate, but on that of a mark up; second, the statesman is deemed indispensable to ensuring the coherence of a market society; third, his line of argument revolves essentially around monetary matters. The question of the determination of the interest rate of money was left unanswered. This is the purpose of this paper.
