Similar Search Results

Outside money : the advantages of owning the magic porridge pot

Wray, L. Randall - 2014

Over the past two decades there has been a revival of Georg Friedrich Knapp's "state money" approach, also known as chartalism. The modern version has come to be called Modern Money Theory. Much of the recent research has delved into three main areas: mining previous work, applying the theory to...

Persistent link: https://www.econbiz.de/10010441082

The rise of money and class society : the contributions of John F. Henry

Semenova, Alla; Wray, L. Randall - 2015

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

Alternative uses of functional finance : Lerner, MMT and the Sraffiansh

Summa, Ricardo de Figueiredo - 2022

finance from Lerner, MMT, and the Sraffians. First, we will argue that the general functional finance framework can be … Sraffians allows us to discuss different policies and consequences of government's active role in promoting expansionary …

Persistent link: https://www.econbiz.de/10012939156

Explorations in Marx's Theory of Price - Why Marx Is Still Relevant for Understanding the Modern Economy : Volume I: Money and Money Prices

Nicholas, Howard - 2023

This book is the first volume in a three-volume series that takes an in-depth look at the relevance of Marx's economics for understanding the modern economy. The focus of this volume is the money prices of commodities. In light of the failure of central banks to stimulate inflation through...

Persistent link: https://www.econbiz.de/10013504712

Credit, money, and production : post-Keynesian economics and the circuit traditions

Rochon, Louis-Philippe - In: Post Keynesian economics : key debates and contending …, (pp. 29-47). 2024

Persistent link: https://www.econbiz.de/10014536255

Mark Blaug on the quantity theory : a skirmish on the border between science and politics in the history of economic thought

Laidler, David E. W. - In: Today's standards and yesterday's economics - two short …, (pp. 8-12). 2012

Mark Blaug brought his usual standards of historical awareness and respect for empirical content to bear when he wrote about the Quantity Theory of Money, but he hesitated to probe too deeply into the political and ideological elements of its history, perhaps leading him to underestimate their...

Persistent link: https://www.econbiz.de/10009671724

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 …. -- 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

Professor Fisher and the quantity theory : a significant encounter

Laidler, David E. W. - 2011

Irving Fisher's encounter with the Quantity theory of Money began in the 1890s, during the debate about bimetallism, and reached its high point in 1911 with the publication of The Purchasing Power of Money. His most important refinement of the theory, derived from his recognition of bank...

Persistent link: https://www.econbiz.de/10009373110

The General Theory as "depression economics"? : financial instability and crises in Keynes's monetary thought

Bibow, Jörg - 2020

This paper revisits Keynes's writings from Indian Currency and Finance (1913) to The General Theory (1936) with a focus … on financial instability. The analysis reveals Keynes's astute concerns about the stability/fragility of the banking … system, especially under deflationary conditions. Keynes's writings during the Great Depression uncover insights into how the …

Persistent link: https://www.econbiz.de/10012291986

Functional finance : a comparison of the evolution of the positions of Hyman Minsky and Abba Lerner

Wray, L. Randall - 2018

This paper examines the views of Hyman Minsky and Abba Lerner on the functional finance approach to fiscal policy. It argues that the main principles of functional finance were relatively widely held in the immediate postwar period. However, with the rise of the Phillips curve, the return of the...

Persistent link: https://www.econbiz.de/10011794285

1
2
3
4
5
6
7
8
9
10
Next
Last