A Credit Theory of Money: The Monetary Circuit Approach
This paper outlines what are the essential features of the theory of the monetary circuit. It provides both theoretical and historical foundations to this approach and contrasts it with alternative conceptions of money, including the neoclassical and other heterodox approaches (in particular, the Post-keynesian and neo-Chartalist theories of money).
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|Date of creation:||1999|
|Date of revision:|
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