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Schumpeter's institution of money: Slipping off the border of economic theory and landing in economic sociology

Author

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  • Cécile Dangel-Hagnauer

    (GREDEG - Groupe de Recherche en Droit, Economie et Gestion - UNS - Université Nice Sophia Antipolis (1965 - 2019) - CNRS - Centre National de la Recherche Scientifique - UniCA - Université Côte d'Azur)

Abstract

In contrast to Schumpeter's theory of credit and banking, expounded in definitive form in The Theory of Economic Development, his theory of money took on successive forms over the years, starting with an attempt at its integration within the general equilibrium framework, and gradually assuming institutional traits, most notably in his posthumously published manuscript, The Theory of Money and Banking. This paper traces this evolution and explores the difficulties met when attempting to delimit the disciplinal field to which Schumpeter's 'science of money' pertains.

Suggested Citation

  • Cécile Dangel-Hagnauer, 2013. "Schumpeter's institution of money: Slipping off the border of economic theory and landing in economic sociology," Post-Print halshs-00929820, HAL.
    • Handle: RePEc:hal:journl:halshs-00929820
    DOI: 10.1080/09672567.2013.856454
    as

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