Endogenous Money: A Note on Some Post-Keynesian Controversies
Keynes's theory of liquidity preference sought to illuminate the essential properties of money under the conditions of uncertainty that often lead to involuntary unemployment. Subsequent Post-Keynesian literature built upon this concept to show that a deregulated financial system could induce phases of endemic financial instability and crises. Keynes's finance motive provides an important starting point in Post-Keynesian theories of endogenous money. This article examines the controversies between two major contending analytical approaches, the Horizontalist and Structuralist schools.
Year of publication: |
2013
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Authors: | Lucarelli, Bill |
Published in: |
Review of Political Economy. - Taylor & Francis Journals, ISSN 0953-8259. - Vol. 25.2013, 2, p. 348-359
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Publisher: |
Taylor & Francis Journals |
Saved in:
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