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Money, Banking and Dynamics: Schumpeter vs. Hayek

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  • Agnès Festré

    (GREDEG - Groupe de Recherche en Droit, Economie et Gestion - UNS - Université Nice Sophia Antipolis (1965 - 2019) - CNRS - Centre National de la Recherche Scientifique)

Abstract

In the first section we discuss the Wicksellian origins of Schumpeter's and Hayek's approaches to money and banking in the context of dynamic economic analysis. The second section compares the role played by banks and credit in Schumpeter's and Hayek's explanation of economic fluctuations. We conclude by contrasting both authors' perception of economic dynamics.

Suggested Citation

  • Agnès Festré, 2002. "Money, Banking and Dynamics: Schumpeter vs. Hayek," Post-Print halshs-00271359, HAL.
    • Handle: RePEc:hal:journl:halshs-00271359
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00271359
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    References listed on IDEAS

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    1. Marina Colonna & Harald Hagemann, 1995. "The Economics of F.A. Hayek," Books, Edward Elgar Publishing, volume 0, number 101.
    2. David Laidler, 1994. "Robertson in the 1920s," University of Western Ontario, Departmental Research Report Series 9408, University of Western Ontario, Department of Economics.
    3. Hayek, F. A., . "Money, Capital, and Fluctuations," University of Chicago Press Economics Books, University of Chicago Press, number 9780226321271 edited by McCloughry, R. K., January.
    4. Laidler, David, 1992. "Hayek on Neutral Money and the Cycle," University of Western Ontario, Departmental Research Report Series 9206, University of Western Ontario, Department of Economics.
    5. Hayek, F. A., 1995. "Contra Keynes and Cambridge," University of Chicago Press Economics Books, University of Chicago Press, number 9780226320656 edited by Caldwell, Bruce, September.
    6. repec:ucp:bkecon:9780226320625 is not listed on IDEAS
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    Cited by:

    1. Richard Arena, 2015. "On the intellectual foundations of Hayek’s and Schumpeter’s economics: an appraisal," Journal of Evolutionary Economics, Springer, vol. 25(1), pages 77-90, January.

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