which money is neutral, at least in the long run; and the Marx-Veblen-Keynes approach, or the monetary theory of production …In this paper I first provide an overview of alternative approaches to money, contrasting the orthodox approach, in …. I then focus in more detail on two main categories: the orthodox approach that views money as an efficiency …

Maynard Keynes's liquidity preference theory, Kregel argued that such rejection leaves the relation between money and capital … an extension of the circuit theory of money, along the lines of the credit and state money approaches of modern …

This paper begins by defining, and distinguishing between, money and finance, and addresses alternative ways of …

can deny in the aftermath of the economy's collapse. While orthodox approaches lead to the conclusion that money and … basis for developing an approach that puts money and finance front and center. Including the theory of social costs also …

In this paper, I examine whether Hyman P. Minsky adopted an endogenous money approach in his early work - at the time … wrote in 1987 on "securitization"), he consistently held an endogenous money view. I'll refer briefly to that published work … appears to be much deeper than that displayed three or four decades later by much of the post-Keynesian endogenous-money …

This paper argues that the usual framing of discussions of money, monetary policy, and fiscal policy plays into the … generally. To put it the way that economists usually do, money lubricates the market mechanism - a good thing, because the … chance. The paper advances an alternative framing for money and shows how it can be used to reshape discussion. The paper …

General Theory. It essentially reduced Keynes to sticky wages and prices, with nonneutral money only in the case of fooling …

This paper briefly summarizes the orthodox approach to banking, finance, and money, and then points the way toward an …, but also sheds more light on the nature of money in modern economies. In orthodoxy, money is something that reduces … all orthodox approaches to banking, finance, and money: banks, financial instruments, and even money itself originate to …

One of the main contributions of Modern Money Theory (MMT) has been to explain why monetarily sovereign governments … nonsovereign governments. MMT has also provided policy insights with respect to financial stability, price stability, and full … categories: views about the origins of money and the role of taxes in the acceptance of government currency, views about fiscal …

This paper advances three fundamental propositions regarding money: (1) As R. W. Clower (1965) famously put it, money … buys goods and goods buy money, but goods do not buy goods. (2) Money is always debt; it cannot be a commodity from the … possible. These three propositions are used to build a theory of money that is linked to common themes in the heterodox …