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Keynes after 75 years: Rethinking money as a public monopoly
Wray, L. Randall - 2011
which money is neutral, at least in the long run; and the Marx-Veblen-Keynes approach, or the monetary theory of production … view back to Keynes, arguing that extending Keynes along these lines would bring his theory up to date. …
Persistent link: https://www.econbiz.de/10010286499
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From the state theory of money to modern money theory: An alternative to economic orthodoxy
Wray, L. Randall - 2014
(Georg Friedrich Knapp and A. Mitchell Innes) through Joseph Schumpeter, John Maynard Keynes, and Abba Lerner, and on to …
Persistent link: https://www.econbiz.de/10010513085
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Knapp's 'State Theory of Money' and its reception in German academic discourse
Ehnts, Dirk H. - 2019
, apparently at the wishes of John Maynard Keynes, the German version had run through four editions, upon which the last the …
Persistent link: https://www.econbiz.de/10011984407
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Money in finance
Wray, L. Randall - 2011
This paper begins by defining, and distinguishing between, money and finance, and addresses alternative ways of financing spending. We next examine the role played by financial institutions (e.g., banks) in the provision of finance. The role of government as both regulator of private...
Persistent link: https://www.econbiz.de/10010281714
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The financial crisis viewed from the perspective of the "social costs" theory
Wray, L. Randall - 2011
finance should not matter much, the alternative tradition - from Veblen and Keynes to Galbraith and Minsky - provides the …
Persistent link: https://www.econbiz.de/10010286502
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Minsky and economic policy :Keynesianism” all over again?
Tymoigne, Éric - 2008
Recently, national newspapers all over the world have suggested that we should reread John Maynard Keynes, and that … Hyman P. Minsky provides a valuable framework for understanding the world in which we live. While rereading Keynes and … interpretation and implementation of Keynes's ideas have been very different from what Keynes proposed, and they have been reduced to …
Persistent link: https://www.econbiz.de/10010266570
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Minsky's money manager capitalism and the global financial crisis
Wray, L. Randall - 2011
Hilferding, Thorstein Veblen, and John Maynard Keynes - and later by John Kenneth Galbraith. In an important sense, over the past …
Persistent link: https://www.econbiz.de/10010281722
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Economic possibilities for our grandchildren: 90 years later
Bibow, Jörg - 2024
This paper revisits Keynes's (1930) essay titled "The economic possibilities for our grandchildren." We discuss the … three broader trends identified by Keynes that he expected would come to characterize the socio-economic evolution of …
Persistent link: https://www.econbiz.de/10014474505
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Heckscher on the Slow Monetization of Sweden and His Incidental Refutation of Jevons and Menger
Fregert, Klas - 2015
Eli F. Heckscher found that in 16th century Sweden: 1) indirect barter was the most common exchange method and 2) monetary exchange was carried out with different coins, none a generally accepted medium of exchange. These findings refute the search and transaction cost models of the emergence of...
Persistent link: https://www.econbiz.de/10013208732
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The Problems of Inflation Targeting Originate in the Monetary Theory of Knut Wicksell
Jonung, Lars - 2022
The theoretical foundation of inflation targeting was laid out by the Swedish economist Knut Wicksell (1851-1926) in his groundbreaking treatise, Interest and Prices, published originally in German in 1898. Here he proposed price stability as the rule for monetary policy. Today, inflation...
Persistent link: https://www.econbiz.de/10013208918