IDEAS home Printed from https://ideas.repec.org/a/mes/ijpoec/v48y2019i1p60-75.html
   My bibliography  Save this article

Public Banking and Post-Keynesian Economic Theory

Author

Listed:
  • Wesley C. Marshall
  • Louis-Philippe Rochon

Abstract

In this article, we make an appeal for the incorporation of public banking into public discourse regarding the management of the U.S. economy. We argue that the history of post-Keynesian thinking shows a perennial interest in offering solutions to financial and economic problems that often involve the participation of the State. However, in more recent history, discussion has revolved around fiscal and monetary policy, with little consideration given to credit policy and the role of public banking. Basing our arguments on what we believe to be Keynes’s most important lessons for the current crisis, we establish several forms in which public banks can confront the economic morass that the Too Big to Fail banks have created.

Suggested Citation

  • Wesley C. Marshall & Louis-Philippe Rochon, 2019. "Public Banking and Post-Keynesian Economic Theory," International Journal of Political Economy, Taylor & Francis Journals, vol. 48(1), pages 60-75, January.
    • Handle: RePEc:mes:ijpoec:v:48:y:2019:i:1:p:60-75
    DOI: 10.1080/08911916.2018.1550947
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/08911916.2018.1550947
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/08911916.2018.1550947?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Zdravka Todorova, 2024. "Social processes of oppression in the stratified economy and Veblenian feminist post Keynesian connections," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 47(1), pages 25-54, January.
    2. Eichacker, Nina, 2020. "German Public Banks, Financial Competition, and Crisis: Institutional Change in German Banking and Financial Vulnerability Before the Global Financial Crisis," SocArXiv jkp5u, Center for Open Science.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    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:mes:ijpoec:v:48:y:2019:i:1:p:60-75. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/MIJP20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.