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Keynes after 75 years : rethinking money as a public monopoly
Wray, L. Randall - 2011
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
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Money in finance
Wray, L. Randall - 2011
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
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From the state theory of money to modern money theory : an alternative to economic orthodoxy
Wray, L. Randall - 2014
(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
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Keynes's finance, the monetary and demand-led circuits : a Sraffian assessment
Cesaratto, Sergio; Pariboni, Riccardo - 2021
Persistent link: https://www.econbiz.de/10012493227
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The monetary economy and the economic crisis
Laidler, David E. W. - 2011 - Revised, January 2011
analysis. Keynes's economics, far from being an aberration in the otherwise orderly evolution of modern macroeconomics from … 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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The problems of inflation targeting originate in the monetary theory of Knut Wicksell
Jonung, Lars - 2022
The theoretical foundation of inflation targeting was laid out by the Swedish economist Knut Wicksell (1851-1926) in his groundbreaking treatise, Interest and Prices, published originally in German in 1898. Here he proposed price stability as the rule for monetary policy. Today, inflation...
Persistent link: https://www.econbiz.de/10013270300
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Peter Howitt - a Keynesian still in recovery
Laidler, David E. W. - 2022
Peter Howitt is best known for his contributions to growth theory, but his work in short- run economics, which began with his Ph.D thesis and still continues, is important and deserves attention. It lies firmly in the Keynesian macro-disequilibrium tradition of Clower and Leijonhufvud, and for a...
Persistent link: https://www.econbiz.de/10013371005
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Knapp's state theory of money and its reception in German academic discourse
Ehnts, Dirk - 2019
, apparently at the wishes of John Maynard Keynes, the German version had run through four editions, upon which the last the …
Persistent link: https://www.econbiz.de/10011974066
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Reassessing the thesis of the monetary history
Laidler, David E. W. - 2013
The economic crisis that began in 2007 and still lingers has invited comparison with the Great Depression of the 1930s. It has also generated renewed interest in Milton Friedman and Anna Schwartz's explanation of the latter as mainly the consequence of the Fed's failure as a lender of last...
Persistent link: https://www.econbiz.de/10010191681