The theory of endogenous money and the LM schedule: prelude to a reconstruction of ISLM
ABSTRACT Money is at the center of macroeconomics, which makes understanding the money supply central for macroeconomic theory. This paper presents the Post Keynesian theory of endogenous money supply and shows how it is fundamentally different from the conventional money supply theory. The conventi...
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| Format: | Article |
| Language: | English |
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Editora 34
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| Series: | Brazilian Journal of Political Economy |
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| Online Access: | http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572017000100003&lng=en&tlng=en |