Wray, L. Randall - Levy Economics Institute - 2010
his dissertation adviser, Joseph Schumpeter [1934]); the endogenous money approach of Basil Moore; the French …-Italian circuit approach; Paul Davidson’s (1978) interpretation of John Maynard Keynes, which relies on uncertainty; Wynne Godley …’s approach, which relies on accounting identities; the “K” distribution theory of Keynes, Michal Kalecki, Nicholas Kaldor, and …