John Maynard Keynes's liquidity preference theory, Kregel argued that such rejection leaves the relation between money and … requires an extension of the circuit theory of money, along the lines of the credit and state money approaches of modern …. Kregel ; Chartalist ; Modern Money Theory ; State Money ; Credit Money ; Default …

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 …

12 and 17 of the General Theory. It essentially reduced Keynes to sticky wages and prices, with nonneutral money only in … ; New Classical ; New Monetary Consensus ; Monetary Theory of Production ; Effective Demand ; Special Properties of Money …

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 …

to put in place anti-inflationary measures, such as well-targeted taxes, wage and price controls, rationing, and … conclude that it is likely that the GND can be phased in without inflation, but if price pressures do appear, deferring a small …

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 …

This paper begins by defining, and distinguishing between, money and finance, and addresses alternative ways of … global financial crisis, which could be blamed on excessive financialization of the economy. -- Money ; Money of Account … ; State Money ; Chartalism ; Shadow Bank ; Hyman Minsky ; Securitization ; Robert Clower …

money and finance should not matter much, the alternative tradition - from Veblen and Keynes to Galbraith and Minsky … - provides the basis for developing an approach that puts money and finance front and center. Including the theory of social … ; Galbraith ; Veblen ; Coase ; Theory of Social Costs ; Efficient Markets Hypothesis ; Money; Finance ; Social Efficiency ; Social …

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 …