Money, Banking and Dynamics: Schumpeter vs. Hayek
In the first section we discuss the Wicksellian origins of Schumpeter's and Hayek's approaches to money and banking in the context of dynamic economic analysis. The second section compares the role played by banks and credit in Schumpeter's and Hayek's explanation of economic fluctuations. We conclude by contrasting both authors' perception of economic dynamics.
|Date of creation:||2002|
|Date of revision:|
|Publication status:||Published, The Contribution of Joseph Schumpeter to Economics: Economic Development and Institutional Change, R. Arena and C. Dangel-Hagnauer (Ed.), 2002, 221-240|
|Note:||View the original document on HAL open archive server: http://halshs.archives-ouvertes.fr/halshs-00271359/en/|
|Contact details of provider:|| Web page: http://hal.archives-ouvertes.fr/|
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- Laidler, D., 1992. "Hayek on Neutral Money and the Cycle," UWO Department of Economics Working Papers 9206, University of Western Ontario, Department of Economics.
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