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Credit and Money: The Dynamic Circuit, Overdraft Economics, and Post-Keynesian Economics

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Money and Macro Policy

Part of the book series: Recent Economic Thought Series ((RETH,volume 5))

Abstract

There are two dangers when starting to study money matters. One is to follow Keynes too closely, in particular his writings in the General Theory (1936). The other danger is to look to the writings of Nobel laureates on monetary issues. To acquire a clear and proper understanding of the true functioning of production money economies, one should keep clear of these authors.

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Lavoie, M. (1985). Credit and Money: The Dynamic Circuit, Overdraft Economics, and Post-Keynesian Economics . In: Jarsulic, M. (eds) Money and Macro Policy. Recent Economic Thought Series, vol 5. Springer, Dordrecht. https://doi.org/10.1007/978-94-015-7715-1_4

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  • DOI: https://doi.org/10.1007/978-94-015-7715-1_4

  • Publisher Name: Springer, Dordrecht

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