Abstract
Professor Hahn, a distinguished theorist, has recently written: ‘The most serious challenge that the existence of money poses to the theorist is this: the best developed model of the economy cannot find room for it’ (Hahn, 1981, p. 1).
This paper was published in Nicholas Kaldor and Mainstream Economics, by E. J. Nell and W. Semmler (eds) (London: Macmillan, 1992).
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© 1999 Paul Davidson
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Davidson, L. (1999). Money: Cause or Effect? Exogenous or Endogenous?. In: Davidson, L. (eds) Uncertainty, International Money, Employment and Theory. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-14991-9_12
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DOI: https://doi.org/10.1007/978-1-349-14991-9_12
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