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dc.contributor.authorWray, L. Randallen_US
dc.date.accessioned2012-04-12T14:17:13Z-
dc.date.available2012-04-12T14:17:13Z-
dc.date.issued2011en_US
dc.identifier.urihttp://hdl.handle.net/10419/56958-
dc.description.abstractIn this paper I first provide an overview of alternative approaches to money, contrasting the orthodox approach, in which money is neutral, at least in the long run; and the Marx-Veblen-Keynes approach, or the monetary theory of production. I then focus in more detail on two main categories: the orthodox approach that views money as an efficiency-enhancing innovation of markets, and the Chartalist approach that defines money as a creature of the state. As the state's creature money should be seen as a public monopoly. I then move on to the implications of viewing money as a public monopoly and link that view back to Keynes, arguing that extending Keynes along these lines would bring his theory up to date.en_US
dc.language.isoengen_US
dc.publisherLevy Economics Inst. Annandale-on-Hudson, NYen_US
dc.relation.ispartofseriesWorking paper, Levy Economics Institute 658en_US
dc.subject.jelB14en_US
dc.subject.jelB15en_US
dc.subject.jelB22en_US
dc.subject.jelB52en_US
dc.subject.jelE12en_US
dc.subject.jelE40en_US
dc.subject.jelE42en_US
dc.subject.jelE50en_US
dc.subject.jelE51en_US
dc.subject.jelE52en_US
dc.subject.jelG14en_US
dc.subject.jelG21en_US
dc.subject.jelH1en_US
dc.subject.jelH3en_US
dc.subject.jelH4en_US
dc.subject.jelH44en_US
dc.subject.ddc330en_US
dc.subject.keywordmoneyen_US
dc.subject.keywordpublic monopolyen_US
dc.subject.keywordmonetary theory of productionen_US
dc.subject.keywordKeynesen_US
dc.subject.keywordMarxen_US
dc.subject.keywordVeblenen_US
dc.subject.keywordKnappen_US
dc.subject.keywordchartalismen_US
dc.titleKeynes after 75 years: Rethinking money as a public monopolyen_US
dc.typeWorking Paperen_US
dc.identifier.ppn654841500en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
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