Pierre-Joseph Proudhon’s ideas on credit and money have been considered to be not very relevant and above all … and money are opened to criticism but require a reexamination because we can draw many lessons from them. …

This chapter summarizes the case for considering money as a legal institution. The Western liberal tradition …, represented here by John Locke’s iconic account of money, describes money as an item that emerged from barter before the state … existed. Considered as an historical practice, money is instead a method of representing and moving resources within a group …

la création monétaire. Ces transformations semblent en effet conduire à une privatisation de la monnaie. Le chapitre 3 …

Joseph Schumpeter, a careful reader of Hayek, categorized Hayek’s theory of economic cycles as non-monetary. Almost …

his dissertation adviser, Joseph Schumpeter [1934]); the endogenous money approach of Basil Moore; the French …This paper advances three fundamental propositions regarding money: (1) As R. W. Clower (1965) famously put it, money … buys goods and goods buy money, but goods do not buy goods. (2) Money is always debt; it cannot be a commodity from the …

In this paper, we provide an institutional interpretation of Schumpeter's analysis of money, banking and finance. This … illustrates this general statement by focusing on Schumpeter's analysis of money, banking and finance, and their respective roles … interpretation is founded on an overall investigation into Schumpeter's writings addressing those issues from different perspectives …

This paper examines and compares, in both historical and theoretical perspectives, Hayek and Schumpeter's account of … the common inheritance ofthese two authors, which can be traced back to Wicksell, going from Mises whose Theory of Money … Schumpeter's respective accounts as well ascritical reconstruction of this tradition. A close examination of their respective …

money but it is the organising feature of modern economies, giving rise to both episodes of stability and crises. In … constructing this argument I consider both orthodox and heterodox points of view. We analyse equilibrium models of money, and find … that while money can exist in sequence economies with frictions, models of this type give no justification for its creation …