La « finance » et le circuit de la monnaie
Abstract[fre] The Keynesian concept of "finance" was elaborated to deal with the analysis of payments; however it did not succeed because it considered the money flows as circulating stocks and this was not consistent with the main feature of "finance", that is "as soon as it is expended, the lack of liquidity is automatically made good". To be fully exploited, this idea needs to be firmly based on the distinction between money which exists only within each payment and finance which is created by one payment and deleted some time later by another one. This distinction allows us to understand that the equality between saving and investment is not reached through arbitrary definitions but is a logical consequence of the nature of money.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Programme National Persée in its journal Revue française d'économie.
Volume (Year): 8 (1993)
Issue (Month): 1 ()
Contact details of provider:
Web page: http://www.persee.fr/web/revues/home/prescript/revue/rfeco
You can help add them by filling out this form.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Equipe PERSEE).
If references are entirely missing, you can add them using this form.