Money and Keynesian Uncertainty
AbstractKeynes’s theory of a monetary economy and his liquidity preference theory of investment will be examined in order to highlight the essential properties of money under the conditions of uncertainty, which inevitably prefigures the existence of involuntary unemployment and could – within a laissez faire, deregulated financial system – induce phases of endemic financial instability and crises.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 28862.
Date of creation: 26 Jun 2010
Date of revision: 10 Feb 2011
uncertainty; money; liquidity preference; crisis; investment;
Find related papers by JEL classification:
- B10 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - General
- D53 - Microeconomics - - General Equilibrium and Disequilibrium - - - Financial Markets
- B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
- A20 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - General
- B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General
- B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
- A10 - General Economics and Teaching - - General Economics - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-02-26 (All new papers)
- NEP-HPE-2011-02-26 (History & Philosophy of Economics)
- NEP-MAC-2011-02-26 (Macroeconomics)
- NEP-MON-2011-02-26 (Monetary Economics)
- NEP-PKE-2011-02-26 (Post Keynesian Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Davidson, Paul, 1972. "Money and the Real World," Economic Journal, Royal Economic Society, vol. 82(325), pages 101-15, March.
- Bertocco Giancarlo, 2003.
"The characteristics of a monetary economy: a Keynes-Schumpeter approach,"
Economics and Quantitative Methods
qf0311, Department of Economics, University of Insubria.
- Giancarlo Bertocco, 2007. "The characteristics of a monetary economy: a Keynes--Schumpeter approach," Cambridge Journal of Economics, Oxford University Press, vol. 31(1), pages 101-122, January.
- Giuseppe Fontana, 2000. "Post Keynesians and Circuitists on Money and Uncertainty: An Attempt at Generality," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 23(1), pages 27-48, October.
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