La « finance » et le circuit de la monnaie
[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.
Volume (Year): 8 (1993)
Issue (Month): 1 ()
|Contact details of provider:|| Web page: http://www.persee.fr/web/revues/home/prescript/revue/rfeco|
When requesting a correction, please mention this item's handle: RePEc:prs:rfreco:rfeco_0769-0479_1993_num_8_1_923. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Equipe PERSEE)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.