IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-349-20117-4_5.html
   My bibliography  Save this book chapter

The ‘Overdraft Economy’, the ‘Auto-economy’ and the Rate of Interest

In: Money, Credit and Prices in Keynesian Perspective

Author

Listed:
  • Christian Boissieu

Abstract

J. M. Keynes devoted less space in his work to the classification of financial systems than to the various motives for holding money balances. He did not try to expand on the distinction between a cash economy, a simple credit economy and a complex credit economy that was so important in Wicksell’s analysis.1 Neither did he expressly concern himself in his work with the recently proposed distinction between an ‘overdraft’ economy and an ‘auto-economy’.2 This distinction was first suggested by Hicks (1974), and was subsequently the subject of more thorough investigation in France. In my opinion it is a valuable framework for understanding some significant aspects of Keynes’s analysis and its post-Keynesian interpretation, in particular concerning the formation and the role of interest rates, and the policies designed to influence them.

Suggested Citation

  • Christian Boissieu, 1989. "The ‘Overdraft Economy’, the ‘Auto-economy’ and the Rate of Interest," Palgrave Macmillan Books, in: Alain Barrère (ed.), Money, Credit and Prices in Keynesian Perspective, chapter 5, pages 79-110, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-20117-4_5
    DOI: 10.1007/978-1-349-20117-4_5
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    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:pal:palchp:978-1-349-20117-4_5. 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    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.