IDEAS home Printed from https://ideas.repec.org/h/spr/spshcp/978-3-032-24113-9_27.html

Joseph A. Schumpeter (1883–1950): Money as an Endogenous Token

Author

Listed:
  • Jan Greitens

    (Johann Wolfgang Goethe-Universität)

Abstract

This chapter examines Schumpeter’s eclectic monetary theory, integrating Quantity Theory and Income Theory of Money. He defines money as an accounting token representing claims on social production and emphasizes its role within circular flow. Schumpeter distinguishes between productive and unproductive credit creation, highlighting the role of banks in financing economic development. He introduces the concept of “forced saving” and analyzes the dynamic interaction between money, credit, and growth. This chapter positions Schumpeter as a synthesizer of earlier theories, offering a comprehensive framework for understanding money in a dynamic economy.

Suggested Citation

  • Jan Greitens, 2026. "Joseph A. Schumpeter (1883–1950): Money as an Endogenous Token," Springer Studies in the History of Economic Thought,, Springer.
    • Handle: RePEc:spr:spshcp:978-3-032-24113-9_27
    DOI: 10.1007/978-3-032-24113-9_27
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a
    for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:spshcp:978-3-032-24113-9_27. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.