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Schumpeter's institution of money: Slipping off the border of economic theory and landing in economic sociology

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  • C�cile Dangel-Hagnauer

Abstract

In contrast with Schumpeter's theory of credit and banking, expounded in definitive form in The Theory of Economic Development , his theory of money took on successive forms over the years, starting with an attempt at its integration within the general equilibrium framework, and gradually assuming institutional traits, most notably in his posthumously published manuscript, The Theory of Money and Banking . This paper traces this evolution and explores the difficulties met when attempting to delimit the disciplinal field to which Schumpeter's 'science of money' pertains.

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  • C�cile Dangel-Hagnauer, 2013. "Schumpeter's institution of money: Slipping off the border of economic theory and landing in economic sociology," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 20(6), pages 1000-1031, December.
    • Handle: RePEc:taf:eujhet:v:20:y:2013:i:6:p:1000-1031
    DOI: 10.1080/09672567.2013.856454
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    References listed on IDEAS

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    1. Pascal Bridel, 1997. "Money and General Equilibrium Theory," Books, Edward Elgar Publishing, number 1303.
    2. Alejandro Portes, 2010. "Economic Sociology: A Systematic Inquiry," Economics Books, Princeton University Press, edition 1, number 9211.
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