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Bank Mergers, Monopoly Power and Unemployment: A Monetary Circuit Approach

In: The Monetary Theory of Production

Author

Listed:
  • Guglielmo Forges Davanzati
  • Riccardo Realfonzo

Abstract

In the present macroeconomic debate there is widespread agreement between neoclassical scholars and supporters of the standard Keynesian theory concerning the following points: (a) money supply is exogenous (depending on the autonomous decisions of the central banks); (b) money can be significant only where it is required for keeping a stock of liquid wealth; (c) income distribution reflects the marginal productivity of inputs.

Suggested Citation

  • Guglielmo Forges Davanzati & Riccardo Realfonzo, 2005. "Bank Mergers, Monopoly Power and Unemployment: A Monetary Circuit Approach," Palgrave Macmillan Books, in: Giuseppe Fontana & Riccardo Realfonzo (ed.), The Monetary Theory of Production, chapter 10, pages 155-171, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-52307-4_11
    DOI: 10.1057/9780230523074_11
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    Cited by:

    1. Juan Hernández Andreu & Guido Tortorella Expósito, 2014. "Incertidumbre, ciclo económico y crisis según el enfoque continuista del pensamiento keynesiano [Uncertainty, economic cycles and economic crises according to the continuism approach of Keynesian t," Iberian Journal of the History of Economic Thought, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Dpto. Historia e Instituciones Económicas I., vol. 1(1), pages 44-72, September.

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