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Is there room for bulls, bears, and states in the circuit?
Wray, L. Randall - 2011
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 …
Persistent link: https://www.econbiz.de/10009523597
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From Aristotle, Augustine, Aquinas, and Adam (Smith) to Concordian Monetary Policy - How to Use Public Policy to Guide Accumulation toward Virtuous Ends
Brady, Michael Emmett - 2017
ownership and control of private property (wealth, money, riches) is an initial, necessary condition to be able to put one … Virtue (giving) or Vice (greed). Smith believed that the effective control of money and loans by an independent, Central Bank …
Persistent link: https://www.econbiz.de/10012954982
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How Using Greenspan’s Continuum Can Bridge the Huge Abyss That Exists Between Orthodox and Heterodox Economists Who Are Dealing With the Concept of Uncertainty
Brady, Michael Emmett - 2018
In spite of the detailed work, done by Keynes in 1908 ,1921,and 1936 in his second Fellowship dissertation for Cambridge University, A Treatise on Probability, and the General Theory, respectively ,and by Knight in 1921 in Risk, Uncertainty and Profit ,that argued convincingly that uncertainty...
Persistent link: https://www.econbiz.de/10012912828
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On Alan Greenspan's Successful Incorporation of the ‘Keynes–Knight’ Approach to Uncertainty and Risk into Monetary Policy
Brady, Michael Emmett - 2018
Alan Greenspan's approach to dealing with the problem of uncertainty, as opposed to risk, appears to be extremely close to the approach advocated by J.M. Keynes himself in both the A Treatise on Probability (1921) and General Theory (1936). Greenspan provides an improved, general definition of...
Persistent link: https://www.econbiz.de/10012914906
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Pluralism as a Recommended Research Practice for Central Banks in Addressing Welfare Concerns on the Experience of COVID-19
Jackson, Emerson Abraham - 2021
The theoretical discourse of pluralism in this paper has paved the way for central banks research approach to accommodate variety in methodological application, which currently seem to be skewed in the direction of monism. In the interest of ensuring welfare concern for citizens is addressed in...
Persistent link: https://www.econbiz.de/10013248336
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The monetary economy and the economic crisis
Laidler, David - 2010
The monetary economy has properties that cannot be analyzed using the tools of today's dynamic general equilibrium … trading at false prices, a phenomenon ruled out by assumption in dynamic general equilibrium models. Not only Keynes …
Persistent link: https://www.econbiz.de/10010291902
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The Validity of Walras’ Law in a Monetary Exchange Economy : Money, Prices and the Integration of Monetary and Value Theory
Túñez Area, Narciso - 2020
.e. they are not substitutes of money. When budget constraints take into account the realization problem associated with the …
Persistent link: https://www.econbiz.de/10012831481
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The monetary economy and the economic crisis
Laidler, David E. W. - 2011 - Revised, January 2011
The monetary economy has properties that cannot be analyzed using the tools of today's dynamic general equilibrium … trading at "false" prices, a phenomenon ruled out by assumption in dynamic general equilibrium models. Not only Keynes …
Persistent link: https://www.econbiz.de/10011708307
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Money as a generic particular : Marx and Simmel on the structure of monetary denominations
Derpmann, Simon - In: Review of political economy 30 (2018) 3, pp. 484-501
Persistent link: https://www.econbiz.de/10011974830