Money and Credit in Capitalist Economies: The Endogenous Money Approach

Front Cover
E. Elgar, 1990 - Business & Economics - 326 pages
0 Reviews
I strongly recommend Wray's book to every monetary theorist. . . . Wray s book should be excellent supplementary reading. Sheila C. Dow, Scottish Journal of Political Economy This is an ambitious and altogether excellent book. It should be read by all monetary economists, especially by those interested in the endogeneity debates. Christopher J. Niggle, Journal of Economic Issues . . . perhaps the most significant contribution to the post Keynesian monetary literature since Paul Davidson s Money and the Real World. Adrian Winnett, The Manchester School of Economic and Social Studies Professor Wray has written a wonderful book. He is one of the most promising young scholars in the post Keynesian movement. I look forward to his future contributions to the fields of monetary theory and policy. Charles J. Wilson, Review of Political Economy This widely acclaimed book argues that money is not the product of a simple deposit multiplier process. The impressive analysis includes discussions of the origins and nature of money and of the evolution of monetary institutions and theory. Unlike other recent works on endogenous money , this book incorporates liquidity preference theory within the analysis by carefully distinguishing money from liquidity and by showing how money, but not liquidity, is created on demand. This naturally leads to a role for liquidity preference in the determination of interest rates. Extensions then link money to financial instability, the expenditure multiplier, credit, saving, investment, development, deficits and growth. This controversial and provocative book will be essential reading for all economists and researchers concerned with monetary and macroeconomics. It will have particular appeal to post Keynesian economists.

From inside the book

What people are saying - Write a review

We haven't found any reviews in the usual places.

Related books


Money and Institutional Evolution
Premodern financial institutions and the rise

11 other sections not shown

Common terms and phrases

References to this book

All Book Search results »

References from web pages

The Endogenous Money Approach by L. Randall Wray* Working Paper No ...
Edward Elgar: Cheltenham, 1998. -----.. Money and Credit in Capitalist Economies: The Endogenous Money Approach, Aldershot, Edward. Elgar, 1990. pubs/ wp-pdf/ WP17-Wray.pdf

Left-and Right-Endogeneous Mony: A Tale of Two Books. Steven ...
Author(s): Flanders, MJ. 1996 Abstract: The paper examines the arguments of the two books in order to explore the reasons for their diametrically opposed ... p/ uwo/ uwowop/ 9615.html

Credit and State Theories of Money
Credit and State. Theories of Money. The Contributions of A. Mitchell Innes. Edited by L. Randall Wray, Professor of Economics and Senior Research ... econ/ economics/ faculty/ wray/ papers/ WrayFlyer.pdf

Eastern Economic Journal: Money Interest and the Public Interest ...
Wray, L. RL Money and Credit in Capitalist Economies: The Endogenous Money Approach, Edward Elgar: Aldershot, 1990. Copyright Eastern Economic Association ... p/ articles/ mi_qa3620/ is_200001/ ai_n8883029/ print

Wray, L. Randall (1990), Money and credit in capitalist economies; the endogenous money approach, Aldershot: Edward Elgar. ... ~june/ endogenous.doc

Finance Capital and the Institutional Foundations of Capitalist ...
Finance Capital and the Institutional. Foundations of Capitalist Finance:. Theoretical Elements from Marx to Minsky. Working paper. Eric Pineault* ... retrieve/ 774/ 000267pp.pdf

Рецензия на книгу: Wray lr Money and Credit in Capitalist ...
Рецензия на книгу: Wray lr Money and Credit in Capitalist Economies. The Endogenous Money Approach. Aldershot: Edward Elgar, 1990. И.В.Розмаинский ... db/ msg/ 64787.html

Disciplinas - Oferta no Ano Base
Money and Credit in Capitalist Economies: The Endogenous Money Approach. London, Edward Elgar,. 1990. Cap. 1 (The Endogenous Approach to Money) e Cap. ... estudos/ dados/ 2003/ 33003017/ 028/ 2003_028_33003017020P7_Disc_Ofe.pdf

Bibliographic information