Endogenous money: the evolutionary versus revolutionary views
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Burdekin, Richard C K & Burkett, Paul, 1992. "Money, Credit, and Wages in Hyperinflation: Post-World War I Germany," Economic Inquiry, Western Economic Association International, vol. 30(3), pages 479-495, July.
- Bala Shanmugam & Mahendhiran Nair & Ong Wee Li, 2003. "The endogenous money hypothesis: empirical evidence from Malaysia (1985-2000)," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 25(4), pages 599-611.
- repec:bla:scotjp:v:45:y:1998:i:3:p:329-40 is not listed on IDEAS
- Philip Arestis & Malcolm Sawyer, 2004.
"On the Effectiveness of Monetary Policy and of Fiscal Policy,"
Review of Social Economy, Taylor & Francis Journals, vol. 62(4), pages 441-463.
- Philip Arestis & Malcolm Sawyer, 2003. "On the Effectiveness of Monetary Policy and Fiscal Policy," Economics Working Paper Archive wp_369, Levy Economics Institute.
- Peter Kriesler & Marc Lavoie, 2007. "The New Consensus on Monetary Policy and its Post-Keynesian Critique," Review of Political Economy, Taylor & Francis Journals, vol. 19(3), pages 387-404.
- Goodhart, Charles A E, 1994. "What Should Central Banks Do? What Should Be Their Macroeconomic Objectives and Operations?," Economic Journal, Royal Economic Society, vol. 104(427), pages 1424-1436, November.
- Claude Gnos & Louis-Philippe Rochon, 2002.
"Money Creation and the State : A Critical Assessment of Chartalism,"
International Journal of Political Economy, Taylor & Francis Journals, vol. 32(3), pages 41-57.
- Claude Gnos & Louis-Philippe Rochon, 2004. "Money creation and the state : A critical assessment ofchartalism," Post-Print halshs-00006873, HAL.
- Graziani,Augusto, 2003. "The Monetary Theory of Production," Cambridge Books, Cambridge University Press, number 9780521812115, January.
- D. E. W. Laidler & J. M. Parkin, 1977.
"Inflation: A Survey,"
Palgrave Macmillan Books,,
Palgrave Macmillan.
- Laidler, David E W & Parkin, J Michael, 1975. "Inflation: A Survey," Economic Journal, Royal Economic Society, vol. 85(340), pages 741-809, December.
- Sergio Rossi, 2004. "Inflation Targeting and Sacrifice Ratios : The Case of the European Central Bank," International Journal of Political Economy, Taylor & Francis Journals, vol. 34(2), pages 69-85.
- Mark Setterfield, 2007. "Is There a Stabilizing Role for Fiscal Policy in the New Consensus?," Review of Political Economy, Taylor & Francis Journals, vol. 19(3), pages 405-418.
- Philip Arestis, 1992. "The Post-Keynesian Approach to Economics," Books, Edward Elgar Publishing, number 16.
- Philip Arestis & Malcolm Sawyer, 2003.
"Does the stock of money have any causal significance?,"
BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 56(225), pages 113-136.
- Philip Arestis & Malcolm Sawyer, 2003. "Does the stock of money have any causal significance?," Banca Nazionale del Lavoro Quarterly Review, Banca Nazionale del Lavoro, vol. 56(225), pages 113-136.
- Philip Arestis & Malcolm Sawyer, 2002. "Does The Stock of Money Have Any Causal Significance," Economics Working Paper Archive wp_363, Levy Economics Institute.
- Victoria Chick, 1992. "On Money, Method and Keynes," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-21935-3 edited by Philip Arestis & Sheila C. Dow.
- Jacques Le Bourva, 1962. "Création de la monnaie et multiplicateur du crédit," Revue Économique, Programme National Persée, vol. 13(1), pages 29-56.
- Paul Davidson, 1978.
"Money and the Real World,"
Palgrave Macmillan Books,
Palgrave Macmillan,
edition 0, number 978-1-349-15865-2.
- Davidson, Paul, 1972. "Money and the Real World," Economic Journal, Royal Economic Society, vol. 82(325), pages 101-115, March.
- Basil J. Moore, 1983. "Unpacking the Post Keynesian Black Box: Bank Lending and the Money Supply," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 5(4), pages 537-556, July.
- Mark Setterfield (ed.), 2006. "Complexity, Endogenous Money and Macroeconomic Theory," Books, Edward Elgar Publishing, number 3552.
- L. Randall Wray, 1998. "Understanding Modern Money," Books, Edward Elgar Publishing, number 1668.
- Claude Gnos & Louis-Philippe Rochon, 2003.
"Joan Robinson and Keynes: finance, relative prices and the monetary circuit,"
Review of Political Economy, Taylor & Francis Journals, vol. 15(4), pages 483-491.
- Claude Gnos & Louis-Philippe Rochon, 2003. "Joan Robinson and Keynes: finance, relative prices and the monetary circuit," Post-Print halshs-00270133, HAL.
- Davidson, Paul & Weintraub, Sidney, 1973. "Money as Cause and Effect," Economic Journal, Royal Economic Society, vol. 83(332), pages 1117-1132, December.
- Sheila C. Dow, 1993. "Money And The Economic Process," Books, Edward Elgar Publishing, number 147.
- Louis-Philippe Rochon, 2001. "Cambridge's Contribution to Endogenous Money: Robinson and Kahn on credit and money," Review of Political Economy, Taylor & Francis Journals, vol. 13(3), pages 287-307.
- Sergio Rossi, 2001. "Money and Inflation," Books, Edward Elgar Publishing, number 2571.
- Chick, Victoria & Dow, Sheila C, 2001. "Formalism, Logic and Reality: A Keynesian Analysis," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 25(6), pages 705-721, November.
- Alfonso Palacio Vera, 2001. "The Endogenous Money Hypothesis: Some Evidence from Spain (1987–1998)," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 23(3), pages 509-526, March.
- Malinowski, Bronislaw, 1921. "The Primitive Economics of the Trobriand Islanders," History of Economic Thought Articles, McMaster University Archive for the History of Economic Thought, vol. 31, pages 1-16.
- Marc Lavoie, 1992. "Foundations of Post-Keynesian Economic Analysis," Books, Edward Elgar Publishing, number 275.
- L. Randall Wray (ed.), 2004. "Credit and State Theories of Money," Books, Edward Elgar Publishing, number 3204.
- Rogers,Colin, 1989. "Money, Interest and Capital," Cambridge Books, Cambridge University Press, number 9780521359566, January.
- Marc Lavoie & Mario Seccareccia (ed.), 2004. "Central Banking in the Modern World," Books, Edward Elgar Publishing, number 3297.
- Marc Lavoie, 1984. "The Endogenous Flow of Credit and the Post Keynesian Theory of Money," Journal of Economic Issues, Taylor & Francis Journals, vol. 18(3), pages 771-797, September.
- Basil J. Moore, 1979. "The Endogenous Money Stock," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 2(1), pages 49-70, October.
- Lavoie, Marc, 1999. "The Credit-Led Supply of Deposits and the Demand for Money: Kaldor's Reflux Mechanism as Previously Endorsed by Joan Robinson," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 23(1), pages 103-113, January.
- Louis-Philippe Rochon & Sergio Rossi (ed.), 2003. "Modern Theories of Money," Books, Edward Elgar Publishing, number 2506.
- Louis-Philippe Rochon, 1999. "Credit, Money and Production," Books, Edward Elgar Publishing, number 1565.
- L. R. Wray, 1990. "Money and Credit in Capitalist Economies," Books, Edward Elgar Publishing, number 474.
- Stephen Rousseas, 1989. "On the Endogeneity of Money Once More," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 11(3), pages 474-478, March.
- Jean-Michel Servet & Bernard Courbis & Éric Froment, 1991. "Enrichir l'économie politique de la monnaie par l'histoire," Revue Économique, Programme National Persée, vol. 42(2), pages 315-338.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Eugenio Caverzasi & Daniele Tori, 2018.
"The Financial Innovation Hypothesis: Schumpeter, Minsky and the sub-prime mortgage crisis,"
LEM Papers Series
2018/36, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
- Eugenio Caverzasi & Daniele Tori, 2018. "The Financial Innovation Hypothesis: Schumpeter, Minsky and the sub-prime mortgage crisis," Working Papers PKWP1815, Post Keynesian Economics Society (PKES).
- Sieroń, Arkadiusz, 2019. "Endogenous versus exogenous money: Does the debate really matter?," Research in Economics, Elsevier, vol. 73(4), pages 329-338.
- Cahen-Fourot, Louison & Lavoie, Marc, 2016.
"Ecological monetary economics: A post-Keynesian critique,"
Ecological Economics, Elsevier, vol. 126(C), pages 163-168.
- Louison Cahen-Fourot & Marc Lavoie, 2016. "Ecological monetary economics: A post-Keynesian critique," Post-Print hal-01370578, HAL.
- Richters, Oliver & Siemoneit, Andreas, 2017. "Fear of stagnation? A review on growth imperatives," VÖÖ Discussion Papers 6/2017, Vereinigung für Ökologische Ökonomie e.V. (VÖÖ).
- Ho Dong Ching, 2011. "Endogenous Money - A Structural Model of Monetary Base," Occasional Papers, South East Asian Central Banks (SEACEN) Research and Training Centre, number occ52, April.
- Pesenti, Amos, 2015. "The origin of inflation in a domestic bank-based payment system," FSES Working Papers 457, Faculty of Economics and Social Sciences, University of Freiburg/Fribourg Switzerland.
- Boyao Li, 2023. "The macroeconomic effects of endogenous credit and money creation under Basel III regulations," Metroeconomica, Wiley Blackwell, vol. 74(4), pages 887-907, November.
- Svartzman, Romain & Dron, Dominique & Espagne, Etienne, 2019. "From ecological macroeconomics to a theory of endogenous money for a finite planet," Ecological Economics, Elsevier, vol. 162(C), pages 108-120.
- von der Becke Susanne & Sornette Didier, 2019. "An Asset-Based Framework of Credit Creation (applied to the Global Financial Crisis)," Accounting, Economics, and Law: A Convivium, De Gruyter, vol. 9(2), pages 1-21, July.
- Richters, Oliver & Siemoneit, Andreas, 2017.
"Consistency and stability analysis of models of a monetary growth imperative,"
Ecological Economics, Elsevier, vol. 136(C), pages 114-125.
- Richters, Oliver & Siemoneit, Andreas, 2016. "Consistency and stability analysis of models of a monetary growth imperative," VÖÖ Discussion Papers 1/2016, Vereinigung für Ökologische Ökonomie e.V. (VÖÖ).
- Richters, Oliver & Siemoneit, Andreas, 2019. "Marktwirtschaft reparieren: Entwurf einer freiheitlichen, gerechten und nachhaltigen Utopie," EconStor Books, ZBW - Leibniz Information Centre for Economics, number 213814, March.
- Jiří Štekláč, 2015. "Politicko-ekonomické varianty vyhlazování hospodářského cyklu v soudobých úvěrových ekonomikách [Political-Economic Options for Smoothing of Business Cycles within the Current Credit-Economy]," Politická ekonomie, Prague University of Economics and Business, vol. 2015(1), pages 3-31.
- Léo MALHERBE, 2017. "Endogenous money: an heterodox synthesis (In French)," Cahiers du GREThA 2017-08, Groupe de Recherche en Economie Théorique et Appliquée.
- Tallgauer, Maximilian & Schank, Christoph, 2024. "Challenging the growth-prosperity Nexus: Redefining undergraduate economics education for the Anthropocene," Ecological Economics, Elsevier, vol. 216(C).
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Boermans, Martijn Adriaan & Moore, Basil J, 2008. "Locked-in and Sticky Textbooks: Mainstream Teaching of the Money Supply Process," MPRA Paper 14845, University Library of Munich, Germany, revised Apr 2009.
- Sergio Cesaratto, 2016. "La financiación inicial y final en el circuito monetario y la teoría de la demanda efectiva," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 18(35), pages 47-78, July-Dece.
- Massimo Cingolani, 2013. "Finance Capitalism: A Look at the European Financial Accounts," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 60(3), pages 249-290, May.
- Jussi Ahokas, 2012. "Geographies of Monetary Economy and the European economic crisis," ERSA conference papers ersa12p437, European Regional Science Association.
- Eckhard Hein, 2006.
"Interest, Debt and Capital Accumulation—A Kaleckian Approach,"
International Review of Applied Economics, Taylor & Francis Journals, vol. 20(3), pages 337-352.
- Eckhard Hein, 2005. "Interest, debt and capital accumulation - a Kaleckian approach," IMK Working Paper 05-2005, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
- Eckhard Hein, 2005. "Interest, debt and capital accumulation - a Kaleckian approach," Macroeconomics 0510007, University Library of Munich, Germany.
- Eckhard Hein, 2007.
"Interest Rate, Debt, Distribution And Capital Accumulation In A Post‐Kaleckian Model,"
Metroeconomica, Wiley Blackwell, vol. 58(2), pages 310-339, May.
- Hein, Eckhard, 2004. "Interest rate, debt, distribution and capital accumulation in a post-Kaleckian model," WSI Working Papers 133, The Institute of Economic and Social Research (WSI), Hans Böckler Foundation.
- Eckhard Hein, 2004. "Interest rate, debt, distribution and capital accumulation in a post-Kaleckian model," Macroeconomics 0412005, University Library of Munich, Germany.
- James Culham & John E. King, 2013. "Horizontalists and Verticalists after 25 years," Review of Keynesian Economics, Edward Elgar Publishing, vol. 1(4), pages 391—405-3, October.
- Louis-Phillippe Rochon, 2012. "Money’s Endogeneity, Keynes’s General Theory and Beyond," Chapters, in: Thomas Cate (ed.), Keynes’s General Theory, chapter 13, Edward Elgar Publishing.
- Peter Docherty, 2012. "Keynes’s General Theory, the Quantity Theory of Money and Monetary Policy," Chapters, in: Thomas Cate (ed.), Keynes’s General Theory, chapter 6, Edward Elgar Publishing.
- Rahimi , Azadeh, 2019. "The Endogenous or Exogenous Nature of Money Supply: Case of Iran," Journal of Money and Economy, Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran, vol. 14(1), pages 27-40, January.
- Hein, Eckhard, 2004. "Money, credit and the interest rate in Marx's economic. On the similarities of Marx's monetary analysis to Post-Keynesian economics," MPRA Paper 18608, University Library of Munich, Germany.
- Wenzlaff, Ferdinand & Kimmich, Christian & Richters, Oliver, 2014. "Theoretische Zugänge eines Wachstumszwangs in der Geldwirtschaft," ZÖSS-Discussion Papers 45, University of Hamburg, Centre for Economic and Sociological Studies (CESS/ZÖSS).
- Louis-Philippe Rochon, 2001. "Cambridge's Contribution to Endogenous Money: Robinson and Kahn on credit and money," Review of Political Economy, Taylor & Francis Journals, vol. 13(3), pages 287-307.
- Mark Setterfield, 2014. "An essay on horizontalism, structuralism and historical time," Working Papers 1402, Trinity College, Department of Economics.
- Eckhard Hein & Engelbert Stockhammer, 2010.
"Macroeconomic Policy Mix, Employment and Inflation in a Post-Keynesian Alternative to the New Consensus Model,"
Review of Political Economy, Taylor & Francis Journals, vol. 22(3), pages 317-354.
- Hein, Eckhard & Stockhammer, Engelbert, 2007. "Macroeconomic policy mix, employment and inflation in a Post-Keynesian alternative to the New Consensus Model," Department of Economics Working Paper Series 110, WU Vienna University of Economics and Business.
- Eckhard Hein & Engelbert Stockhammer, 2007. "Macroeconomic policy mix, employment and inflation in a Post-Keynesian alternative to the New Consensus Model," Department of Economics Working Papers wuwp110, Vienna University of Economics and Business, Department of Economics.
- Levrero, Enrico Sergio & Deleidi, Matteo, 2017. "The money creation process: A theoretical and empirical analysis for the US," MPRA Paper 81970, University Library of Munich, Germany.
- Marc Lavoie, 2001.
"Endogenous Money in a Coherent Stock-Flow Framework,"
Macroeconomics
0103007, University Library of Munich, Germany.
- Marc Lavoie, 2001. "Endogenous Money in a Coherent Stock-Flow Framework," Economics Working Paper Archive wp_325, Levy Economics Institute.
- Duccio Cavalieri, 2004.
"On Some Equilibrium and Disequilibrium Theories of Endogenous Money: A Structuralist View,"
History of Economic Ideas, Fabrizio Serra Editore, Pisa - Roma, vol. 12(3), pages 51-83.
- Cavalieri, Duccio, 2004. "On Some Equilibrium and Disequilibrium Theories of Endogenous Money: A Structuralist View," MPRA Paper 43738, University Library of Munich, Germany.
- Milan Sojka, 2010. "Monetární politika evropské centrální banky a její teoretická východiska pohledem postkeynesovské ekonomie [Monetary Policy of the European Central Bank and Its Theoretical Resources in the View of," Politická ekonomie, Prague University of Economics and Business, vol. 2010(1), pages 3-19.
- Eckhard Hein, 2006. "Money, interest and capital accumulationin Karl Marx's economics: a monetary interpretation and some similaritiesto post-Keynesian approaches," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 13(1), pages 113-140.
More about this item
Keywords
banks; endogenous money; monetary analysis;All these keywords.
JEL classification:
- E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
- E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
- E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:elg:rokejn:v:1:y:2013:i:2:p210-229. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Phillip Thompson (email available below). General contact details of provider: http://www.elgaronline.com/roke .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.