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Money and Credit in Radical Political Economy: A Survey of Contemporary Perspectives

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  • Gary A. Dymski

    (Department of Economics, University of California, Riverside, Riverside, CA 92521-0427)

Abstract

This article reviews radical political economic (RPE) analyses written since 1970 in which money or credit relations are centrally important. Contemporary authors within RPE differ on how important money and credit are in economic dynamics because they have very different ideas about whether money and credit perform essential economic functions. This paper argues that these essential functions arise only if financing constraints, uncertainty, and information asymmetry are elements of an author's analytical framework.

Suggested Citation

  • Gary A. Dymski, 1990. "Money and Credit in Radical Political Economy: A Survey of Contemporary Perspectives," Review of Radical Political Economics, Union for Radical Political Economics, vol. 22(2-3), pages 38-65, June.
    • Handle: RePEc:sae:reorpe:v:22:y:1990:i:2-3:p:38-65
    DOI: 10.1177/048661349002200203
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    References listed on IDEAS

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    Cited by:

    1. Edwin Dickens, 1995. "U.S. Monetary Policy In The 1950s: A Radical Political Economic Approach," Review of Radical Political Economics, Union for Radical Political Economics, vol. 27(4), pages 83-111, December.
    2. Hyun Woong Park, 2021. "A division of the capitalist class and the market for money capital," Metroeconomica, Wiley Blackwell, vol. 72(1), pages 2-21, February.

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