Over the last two decades, work on the Post Keynesian theory of endogenous money has
been flourishing, and has prompted a rethinking of the complex nature of money in modern …

This excellent new book from one of the brightest young economists, Giuseppe Fontana,
involves a compendium of issues surrounding uncertainty, money and time. Fontana shines …

This chapter reviews and assesses the genesis and development of the Cambridge post-
Keynesian school of income and wealth distribution, the foundations of which were laid in …

Piero Sraffa is considered one of the great economists of the twentieth century. Such a
reputation is based on what amounts to a small number of writings, though all of lasting …

New Keynesians focus on the allocation of liquidities, viewing banks as financial
intermediaries and ignoring the money creation operation. Conversely, for Post Keynesians …

Augusto Graziani has made important contributions to the literature on the role of money and
the conduct of monetary policy. Within the literature on the 'monetary circuit', his work …

Endogenous Money and Banking Activity: Some Notes on the Workings of Modern Payment
Systems Università Docenti Studenti Biblioteca Multimediale Pubblicare con Noi Collane …

This chapter moves from the standpoint that the evolution of monetary theories reflects that
of the payments system and of the credit and financial structures. It recalls some events that …

Most traditional economics departments have one educational objective in mind: to produce
believers in, and academic practitioners of, traditional economics. This “Darwinian” desire to …

This chapter examines Keynes's views on the ability of the monetary authorities to control
the money supply and the interest rates. Its aim is to evaluate whether Keynes could agree …