Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/56958 
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dc.contributor.authorWray, L. Randallen
dc.date.accessioned2012-04-12T14:17:13Z-
dc.date.available2012-04-12T14:17:13Z-
dc.date.issued2011-
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
dc.language.isoengen
dc.publisher|aLevy Economics Institute of Bard College |cAnnandale-on-Hudson, NYen
dc.relation.ispartofseries|aWorking Paper |x658en
dc.subject.jelB14en
dc.subject.jelB15en
dc.subject.jelB22en
dc.subject.jelB52en
dc.subject.jelE12en
dc.subject.jelE40en
dc.subject.jelE42en
dc.subject.jelE50en
dc.subject.jelE51en
dc.subject.jelE52en
dc.subject.jelG14en
dc.subject.jelG21en
dc.subject.jelH1en
dc.subject.jelH3en
dc.subject.jelH4en
dc.subject.jelH44en
dc.subject.ddc330en
dc.subject.keywordmoneyen
dc.subject.keywordpublic monopolyen
dc.subject.keywordmonetary theory of productionen
dc.subject.keywordKeynesen
dc.subject.keywordMarxen
dc.subject.keywordVeblenen
dc.subject.keywordKnappen
dc.subject.keywordchartalismen
dc.titleKeynes after 75 years: Rethinking money as a public monopoly-
dc.typeWorking Paperen
dc.identifier.ppn654841500en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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