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On the “horizontalism” of money supply: response to professor Cardim de Carvalho

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  • Fernando Nogueira da Costa

Abstract

These comments constitute an analysis about Cardim de Carvalho’s reply fora critical examination of Keynes’s theory of money. That theory assumed inelasticity ofsupply with respect to demand as a necessary attribute of money. This paper examines whyBasil Moore sustains the “horizontalist” approach. JEL Classification: E12; E51.

Suggested Citation

  • Fernando Nogueira da Costa, 1994. "On the “horizontalism” of money supply: response to professor Cardim de Carvalho," Brazilian Journal of Political Economy, Center of Political Economy, vol. 14(1), pages 152-157.
    • Handle: RePEc:ekm:repojs:v:14:y:1994:i:1:p:152-157:id:1275
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    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/1275/1260
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    More about this item

    Keywords

    Money supply; post-Keynesianism;

    JEL classification:

    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers

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