A Credit Theory of Money: The Monetary Circuit Approach
AbstractThis paper outlines what are the essential features of the theory of the monetary circuit. It provides both theoretical and historical foundations to this approach and contrasts it with alternative conceptions of money, including the neoclassical and other heterodox approaches (in particular, the Post-keynesian and neo-Chartalist theories of money).
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Bibliographic InfoPaper provided by University of Ottawa, Department of Economics in its series Working Papers with number 9902e.
Length: 30 pages
Date of creation: 1999
Date of revision:
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ECONOMIC THEORY ; MONEY ; MACROECONOMICS;
Find related papers by JEL classification:
- O10 - Economic Development, Technological Change, and Growth - - Economic Development - - - General
- E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
- E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian
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