Endogenous money: the evolutionary versus revolutionary views

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Louis-Philippe Rochon ; Sergio Rossi (2013)
  • Journal: Review of Keynesian Economics, volume 1, issue 2 Jan, pages 210-229
  • Subject: banks, endogenous money, monetary analysis
    • jel: jel:E42 | jel:E51 | jel:E52

The purpose of this paper is to shed light on the endogenous nature of money. Contrary to the established post-Keynesian, or evolutionary, view, this paper argues that money has always been endogenous, irrespective of the historical period. Instead of the evolutionary t... View more
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