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The modern approach to the market as a place with autonomy depends on a certain view of money. According to that view, money is a neutral technology that expresses individual choices made about real goods and services. But the controversies over money that regularly arise in political...
Persistent link: https://www.econbiz.de/10012839160
This Occasional Paper analyses how significant expansions in central banks’ mandates, roles and instruments can result in challenges to the independence of monetary policy. The paper reviews, in particular, some of the key challenges to central bank independence brought about by the global...
Persistent link: https://www.econbiz.de/10013315253
This Occasional Paper analyses how significant expansions in central banks' mandates, roles and instruments can result in challenges to the independence of monetary policy. The paper reviews, in particular, some of the key challenges to central bank independence brought about by the global...
Persistent link: https://www.econbiz.de/10012298570
-)classical theory that is relevant only to "depression economics"-refuting the interpretation offered by J. R. Hicks (1937) in his … depression economics continues to describe the mainstream's failure to engage in relevant monetary economics. …
Persistent link: https://www.econbiz.de/10012291986
This paper explores the intellectual history of the state, or chartalist, approach to money, from the early developers (Georg Friedrich Knapp and A. Mitchell Innes) through Joseph Schumpeter, John Maynard Keynes, and Abba Lerner, and on to modern exponents Hyman Minsky, Charles Goodhart, and...
Persistent link: https://www.econbiz.de/10010252186
This paper explores the rise of money and class society in ancient Greece, drawing historical and theoretical parallels to the case of ancient Egypt. In doing so, the paper examines the historical applicability of the chartalist and metallist theories of money. It will be shown that the origins...
Persistent link: https://www.econbiz.de/10010477576
"A century of macroeconomic and monetary thought at the National Bank of Belgium" traces the history of economic research at the National Bank of Belgium, from the early decades of the 20th century to its present functioning in the Eurosystem. The study also goes into the major economic policy...
Persistent link: https://www.econbiz.de/10013137925
more spectacularly than the reputation of economics itself." Indeed, the financial crisis that crested in 2008 destroyed … powerful argument for how economics must change to get us out of it. Roger E.A. Farmer traces the swings between classical and … Keynesian economics since the early twentieth century, gracefully explaining the elements of both theories. During the Great …
Persistent link: https://www.econbiz.de/10003865539
Persistent link: https://www.econbiz.de/10003467350
Persistent link: https://www.econbiz.de/10003507880