A Political Approach of the Popular Credit: Pierre-Joseph Proudhon and the mutual credit

Cyrille Ferraton () and David Vallat ()

Cahiers d’économie politique / Papers in Political Economy, 2011, issue 60, 45-66

Abstract: Pierre-Joseph Proudhon’s ideas on credit and money have been considered to be not very relevant and above all unrealistic. However, they have known an uncommon posterity. They influenced Silvio Gesell who is John Maynard Keynes’s reference. This article analyses Pierre-Joseph Proudhon’s exchange bank plan. We show that Pierre- Joseph Proudhon’s ideas on credit and money are opened to criticism but require a reexamination because we can draw many lessons from them.

Keywords: Money; credit; interest; mutuality (search for similar items in EconPapers)
JEL-codes: B19 G21 (search for similar items in EconPapers)
Date: 2011
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