Money and Keynesian Uncertainty

Keynes’s theory of a monetary economy and his liquidity preference theory of investment will be examined in order to highlight the essential properties of money under the conditions of uncertainty, which inevitably prefigures the existence of involuntary unemployment and could – within a laissez faire, deregulated financial system – induce phases of endemic financial instability and crises.

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Year of publication:	2010-06-26
Authors:	Lucarelli, B.
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	uncertainty \| money \| liquidity preference \| crisis \| investment

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Classification:	B10 - History of Economic Thought through 1925. General ; D53 - Financial Markets ; B31 - Individuals ; A20 - Economics Education and Teaching of Economics. General ; B50 - Current Heterodox Approaches. General ; B22 - Macroeconomics ; A10 - General Economics. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008839509