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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

The financial crisis viewed from the perspective of the "social costs" theory

Wray, L. Randall - 2011

money and finance should not matter much, the alternative tradition - from Veblen and Keynes to Galbraith and Minsky …

Persistent link: https://www.econbiz.de/10008933474

The Continuing Muddles of Monetary Theory : A Steadfast Refusal to Face Facts

Goodhart, Charles - 2023

Lionel Robbins was much concerned about the methodology of economic science. When he discussed the desirable relationship between theory and ‘reality’, two of the three examples that he presented where the theoretical analysis was not sufficiently based on a knowledge of historical fact were...

Persistent link: https://www.econbiz.de/10014357771

The Financial Crisis Viewed from the Perspective of the 'Social Costs' Theory

Wray, L. Randall - 2011

money and finance should not matter much, the - alternative tradition from Veblen and Keynes to Galbraith and Minsky …

Persistent link: https://www.econbiz.de/10013127808

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 … that view back to Keynes, arguing that extending Keynes along these lines would bring his theory up to date …

Persistent link: https://www.econbiz.de/10013128005

F.A. Hayek and his rational choice of monetary arrangements

Sahoo, Ganeswar - Volkswirtschaftliche Fakultät, … - 2012

This paper addresses the perspective of Hayek’s doctrine on monetary arrangements in the economy and his favorable argument for an international central bank over national central bank. I also discussed Hayek’s view on free banking (i.e. for the free issue of bank notes) that would enable...

Persistent link: https://www.econbiz.de/10011260508

Overcoming the zero bound on nominal interest rates with negative interest on currency : Gesell's solution

Buiter, Willem H. - London School of Economics (LSE) - 2003

An economy is in a liquidity trap when monetary policy cannot influence either real or nominal variables of interest. A necessary condition for this is that the short nominal interest rate is constrained by its lower bound, typically zero. The paper considers two small analytical models, one...

Persistent link: https://www.econbiz.de/10010745321

Chronic Specie Scarcity and Efficient Barter: The Problem of Maintaining an Outside Money Supply in British Colonial America

Grubb, Farley - National Bureau of Economic Research (NBER) - 2012

Colonial Americans complained that gold and silver coins (specie) were chronically scarce. These coins could be acquired only through importation. Given unrestricted trade in specie, market arbitrage should have eliminated chronic scarcity. A model of efficient barter and local inside money is...

Persistent link: https://www.econbiz.de/10011271405

Do we need central bank digital currency? Economics, technology and institutions

Gnan, Ernest (contributor); Masciandaro, Donato (contributor) - 2018

Persistent link: https://www.econbiz.de/10011985213

Do we need central bank digital currency? : economics, technology and institutions

Gnan, Ernest (ed.); Masciandaro, Donato (ed.) - Do We Need Central Bank Digital Currency?: Economics, …; … - 2018

Persistent link: https://www.econbiz.de/10011944433