Showing 1 - 10 of 23,551
Most authors have attributed the real effects of money in the short run either to mistaken expectations or to non … competitive market clearing model in which money enters the production function is fully capable of mimicking the broad features …
Persistent link: https://www.econbiz.de/10005605583
Persistent link: https://www.econbiz.de/10011985213
The properties of money commonly referenced in the economics literature were originally identified by Jevons (1876) and … Menger (1892) in the late 1800s and were intended to describe physical currencies, such as commodity money, metallic coins … quantum money. These forms of money have novel properties that have not been studied extensively within the economics …
Persistent link: https://www.econbiz.de/10013162039
The success of alternative payment systems has led to discussion of various proposals to replace money with a new … technology-based system, though many lack a clear idea of what exactly is the "money" they seek to replace. We begin by … presenting the explanation of money's role in the economy embraced by most mainstream economists and policy analysts, based on …
Persistent link: https://www.econbiz.de/10012610210
This paper begins by defining, and distinguishing between, money and finance, and addresses alternative ways of …
Persistent link: https://www.econbiz.de/10010281714
In this paper I first provide an overview of alternative approaches to money, contrasting the orthodox approach, in … which money is neutral, at least in the long run; and the Marx-Veblen-Keynes approach, or the monetary theory of production …. I then focus in more detail on two main categories: the orthodox approach that views money as an efficiency …
Persistent link: https://www.econbiz.de/10010286499
can deny in the aftermath of the economy's collapse. While orthodox approaches lead to the conclusion that money and … basis for developing an approach that puts money and finance front and center. Including the theory of social costs also …
Persistent link: https://www.econbiz.de/10010286502
The conference will be staged as a court trial in which cash will be accused with three charges: First, cash is an essential part of many kinds of criminal activities; second, it is an inefficient and outdated means of payment; and third, it prevents central banks from implementing optimal...
Persistent link: https://www.econbiz.de/10012522721
This paper argues that the usual framing of discussions of money, monetary policy, and fiscal policy plays into the … generally. To put it the way that economists usually do, money "lubricates" the market mechanism - a good thing, because the … chance. The paper advances an alternative framing for money and shows how it can be used to reshape discussion. The paper …
Persistent link: https://www.econbiz.de/10009665525
This paper argues that the usual framing of discussions of money, monetary policy, and fiscal policy plays into the … more generally. To put it the way that economists usually do, money “lubricates” the market mechanism — a good thing … and so have no chance. The paper advances an alternative framing for money and shows how it can be used to reshape …
Persistent link: https://www.econbiz.de/10013097454