Abstract
Danby makes several important comments on (1) the use of contracts and money in general, and (2) the question of internal liquidity in an open economy with flexible exchange rates and free convertibility, using Mexico as an example. Let’s take each in turn.
This paper was published in the Journal of Post Keynesian Economics, 22, Spring 2000.
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References
Davidson, P. Post Keynesian Macroeconomic Theory, Cheltenham, Edgar, 1994.
Davidson P. “The Case for Capital Regulation” in Capital Regulation: For and Against, Social Market Foundation Center for Post-Collectivist Studies, 1999.
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© 2007 Paul Davidson
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Davidson, P. (2007). LDCs, Institutions, and Money: A Response to Danby. In: Interpreting Keynes for the 21st Century. Palgrave Macmillan, London. https://doi.org/10.1057/9780230286559_9
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DOI: https://doi.org/10.1057/9780230286559_9
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