The Monetary Theory of Kalecki and Minsky
The monetary theory of Kalecki and Minsky is usually placed within the Post-Keynesian tradition, deriving from the monetary analysis of John Maynard Keynes. The paper argues that Kalecki and Minsky shared a common inheritance in Swedish and German monetary theory, rather than the Marshallian tradition. Thus the monetary analysis of Kalecki and Minsky emphasises the endogeneity of money through capitalist reproduction, rather than through the mechanisms connecting central bank money to credit creation in the banking system. This provides the link between the monetary theory of Kalecki and Minsky and modern circuit theory.
|Date of creation:||Mar 2012|
|Date of revision:|
|Contact details of provider:|| Postal: Thornhaugh Street, London WC1H OXG|
Web page: http://www.soas.ac.uk/economics/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:soa:wpaper:172. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Duo QIN)
If references are entirely missing, you can add them using this form.