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Some Methodological Issues in the Theory of Speculation

In: On Money, Method and Keynes

Author

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  • Victoria Chick

    (University College London)

Abstract

The speculative demand for money and securities which formed such an important part of Keynes’s General Theory (1936) has not featured in recent summaries of monetary theory, even those by post-Keynesians (Moore, 1978; Rousseas, 1986; Arestis, 1988). Yet who could doubt the importance of speculation in foreign exchange or the significance of speculation in the 1986–7 stock market boom and its subsequent (October 1987) crash.

Suggested Citation

  • Victoria Chick, 1992. "Some Methodological Issues in the Theory of Speculation," Palgrave Macmillan Books, in: Philip Arestis & Sheila C. Dow (ed.), On Money, Method and Keynes, chapter 11, pages 181-192, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-21935-3_11
    DOI: 10.1007/978-1-349-21935-3_11
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    Cited by:

    1. Philip Arestis, 1999. "The Independent European Central Bank: Keynesian Alternatives," Macroeconomics 9908004, University Library of Munich, Germany.

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