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An Endogenous Money Perspective
The Case for AssetBased Reserve Requirements
5 Seigniorage or Sovereignty?
6 Asymmetric Information Credit Rationing and the Stiglitz and Weiss Model
THE THEORY OF THE MONETARY CIRCUIT
Post Keynesian and Circulation Approaches
13 An Internal Critique of General Equilibrium Theory
A Final Rejection
15 Circuit Theory as an Explanation of the Complex Real World
16 Money and Banking in a Monetary Theory of Production
17 On the Macroeconomic Foundations of the WagePrice Relationship
18 Involuntary Unemployment and Investment
FURTHER CONTRIBUTIONS TO MONETARY ANALYSIS
Notes on the Monetary Theory of Production
8 Thinking of the Economy as a Circuit Biagio Bossone1
Some Preliminary Evidence
Rereading Marxian Monetary Theory
11 How Heterodox is the Heterodoxy of Monetary Circuit Theory? The Nature of Money and the Microeconomics of the Circuit
An Alternative Interpretation
THE THEORY OF MONEY EMISSIONS
ABRR agents aggregate Albeuve analysis approach argues bank deposits banking system banknotes behaviour borrowers Bortis capital Cencini central bank circuitists circulation commodity consumption created debt demand for money determined Edward Elgar effective demand employment endogenous money equations equilibrium ex ante exchange rate existence fiat money financial intermediaries firms framework function funds Graziani horizontalists households ibid interest rate investment IS-LM issue John Maynard Keynes Journal of Economics Journal of Post Keynes Keynes's labour Lavoie liabilities liquidity preference loans Macmillan macroeconomic Marx means of payment Minsky monetary circuit monetary economy monetary policy monetary production economy monetary theory money supply Monnaie et Production neoclassical non-bank output Parguez Political Economy Post Keynesian Economics principle private banks purchasing power quantity rate of interest relative price Rochon role saving Schmitt Seccareccia sector seigniorage Smithin social store of wealth theory of money uncertainty unit wages
Page 7 - it is a recognized characteristic of money as a store of wealth that it is barren; whereas practically every other form of storing wealth yields some interest or profit. Why should anyone outside a lunatic asylum wish to use money as a store of wealth?