Post-Keynesian Economics: New Foundations, by Marc Lavoie Chapter 4: Credit, Money and Central Banks

IF 1.2 Q3 ECONOMICS
Sylvio Kappes, Louis-Philippe Rochon
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引用次数: 0

Abstract

ABSTRACT This article focuses on an analysis of chapter 4 of Lavoie’s magnus opus, Post-Keynesian Economics: New Foundations. It is the opening chapter of the macroeconomic section of the book. As we argue, following Keynes’s ‘monetary theory of production’, but also in line with Schumpeter, starting the discussion over macroeconomics with money makes sense. It is impossible, in post-Keynesian economics, to discuss the real economy independently of the monetary side of the analysis. In this sense, money and production, and debt, are linked within an endogenous money framework. This article covers and discusses all aspects of this chapter.
《后凯恩斯主义经济学:新基础》,Marc Lavoie著第4章:信贷、货币和中央银行
摘要本文主要分析拉沃伊的代表作《后凯恩斯主义经济学:新基础》的第四章。这是本书宏观经济部分的第一章。正如我们所说,遵循凯恩斯的“生产货币理论”,但也符合熊彼特的观点,用货币开始对宏观经济的讨论是有意义的。在后凯恩斯主义经济学中,不可能独立于货币方面的分析来讨论实体经济。从这个意义上说,货币和生产以及债务是在一个内生货币框架内联系在一起的。本文涵盖并讨论了本章的各个方面。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
2.60
自引率
20.00%
发文量
0
期刊介绍: The Review of Political Economy is a peer-reviewed journal welcoming constructive and critical contributions in all areas of political economy, including the Austrian, Behavioral Economics, Feminist Economics, Institutionalist, Marxian, Post Keynesian, and Sraffian traditions. The Review publishes both theoretical and empirical research, and is also open to submissions in methodology, economic history and the history of economic thought that cast light on issues of contemporary relevance in political economy. Comments on articles published in the Review are encouraged.
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