Showing 1 - 10 of 97
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/10008906555
(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/10010252186
John Maynard Keynes's liquidity preference theory, Kregel argued that such rejection leaves the relation between money and …. -- Circuit Approach ; Liquidity Preference ; Banks as Ephor of Capitalism ; J. M. Keynes ; J. A. Schumpeter ; A. Parguez ; J. A …
Persistent link: https://www.econbiz.de/10009523597
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. -- Money ; Public … Monopoly ; Monetary Theory of Production ; Keynes ; Marx ; Veblen ; Knapp ; Chartalism …
Persistent link: https://www.econbiz.de/10008906545
money and finance should not matter much, the alternative tradition - from Veblen and Keynes to Galbraith and Minsky …
Persistent link: https://www.econbiz.de/10008933474
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/10014464162
Since the beginning of the fall of monetarism in the mid-1980s, mainstream macroeconomics has incorporated many of the principles of post-Keynesian endogenous money theory. This paper argues that the most important critical component of post-Keynesian monetary theory today is its rejection of...
Persistent link: https://www.econbiz.de/10010412398
This paper relates Keynes's discussions of money, the state theory of money, financial markets, investors' expectations …, uncertainty, and liquidity preference to the dynamics of government bond yields for countries with monetary sovereignty. Keynes …
Persistent link: https://www.econbiz.de/10012317613
Historically high levels of private and public debt coupled with already very low short-term interest rates appear to limit the options for stimulative monetary policy in many advanced economies today. One option that has not yet been considered is monetary financing by central banks to boost...
Persistent link: https://www.econbiz.de/10011389179
This paper first examines two approaches to money adopted by Keynes in the General Theory (GT). The first is the more … ISLM version as well as Friedman's monetarism. Indeed, even Post Keynesians utilizing Keynes's "finance motive" or the … "horizontal" money supply curve adopt similar methodology. The second approach of the GT is presented in Chapter 17, where Keynes …
Persistent link: https://www.econbiz.de/10003288339