Towards a Theory of Endogenous Financial Instability and Debt-Deflation
Post-keynesian and heterodox critiques have challenged the Monetarist assumptions of an exogenous money supply and the doctrine of monetary neutrality in the long run. Within these heterodox currents, there has emerged a widespread consensus that the money supply is endogenous—governed by the demand...
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| Format: | Article |
| Language: | English |
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Pluto Journals
2012-09-01
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| Series: | World Review of Political Economy |
| Online Access: | https://www.scienceopen.com/hosted-document?doi=10.13169/worlrevipoliecon.3.3.0327 |