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Money, Finance and Real Economy

In: Value, Historicity, and Economic Epistemology

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  • Alain Herscovici

Abstract

In this chapter, I will only add that this differentiation between the real economy and the monetary (production) economy makes it necessary to redefine the economic nature of activities related to finance, as well as the role played by the banking system: in this sense, after having defined the main characteristics of the post-Keynesian approach, I will study the spillover effects that finance can exert on the productive sector and the interest rate.

Suggested Citation

  • Alain Herscovici, 2023. "Money, Finance and Real Economy," Springer Books, in: Value, Historicity, and Economic Epistemology, chapter 0, pages 163-184, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-21157-7_7
    DOI: 10.1007/978-3-031-21157-7_7
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