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Working Papers, Levy Economics Institute of Bard College >
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http://hdl.handle.net/10419/56958
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Wray, L. Randall | | en_US |
| dc.date.accessioned | | 2012-04-12T14:17:13Z | | - |
| dc.date.available | | 2012-04-12T14:17:13Z | | - |
| dc.date.issued | | 2011 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/56958 | | - |
| dc.description.abstract | | In 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.iso | | eng | | en_US |
| dc.publisher | | Levy Economics Inst. Annandale-on-Hudson, NY | | en_US |
| dc.relation.ispartofseries | | Working paper, Levy Economics Institute 658 | | en_US |
| dc.subject.jel | | B14 | | en_US |
| dc.subject.jel | | B15 | | en_US |
| dc.subject.jel | | B22 | | en_US |
| dc.subject.jel | | B52 | | en_US |
| dc.subject.jel | | E12 | | en_US |
| dc.subject.jel | | E40 | | en_US |
| dc.subject.jel | | E42 | | en_US |
| dc.subject.jel | | E50 | | en_US |
| dc.subject.jel | | E51 | | en_US |
| dc.subject.jel | | E52 | | en_US |
| dc.subject.jel | | G14 | | en_US |
| dc.subject.jel | | G21 | | en_US |
| dc.subject.jel | | H1 | | en_US |
| dc.subject.jel | | H3 | | en_US |
| dc.subject.jel | | H4 | | en_US |
| dc.subject.jel | | H44 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | money | | en_US |
| dc.subject.keyword | | public monopoly | | en_US |
| dc.subject.keyword | | monetary theory of production | | en_US |
| dc.subject.keyword | | Keynes | | en_US |
| dc.subject.keyword | | Marx | | en_US |
| dc.subject.keyword | | Veblen | | en_US |
| dc.subject.keyword | | Knapp | | en_US |
| dc.subject.keyword | | chartalism | | en_US |
| dc.title | | Keynes after 75 years: Rethinking money as a public monopoly | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 654841500 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| Appears in Collections: | | Working Papers, Levy Economics Institute of Bard College
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