Left - and Right- Endogenous Money. A Table of Two Books

M.J. Fladers

Working Papers from Tel Aviv

Abstract: Two books coming from opposite ends of the ideological spectrum stress the endogeneity of money, in terms of both the supply of money and its origins as an institution. Comparisons with the evolution and use of language are drawn. Wray, a neo-institutionalist, stresses the fragility of the financial system, resulting from the fact that 'loans cause reserves' and not, as tradition would have it, the converse, and urges basic changes in the forms of central bank surveillance. Horwitz, in the neo-Austrian free banking tradition, emphasizes the resiliency of the market economy and financial system which render central banking otiose if not downright injurious.

Keywords: MONEY; BANKING; CENTRAL BANKS (search for similar items in EconPapers)
JEL-codes: B24 B25 E42 E50 (search for similar items in EconPapers)
Pages: 29 pages
Date: 1997
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fth:teavfo:15-97

Access Statistics for this paper

More papers in Working Papers from Tel Aviv Israel TEL-AVIV UNIVERSITY, THE FOERDER INSTITUTE FOR ECONOMIC RESEARCH, RAMAT AVIV 69 978 TEL AVIV ISRAEL.. Contact information at EDIRC.
Bibliographic data for series maintained by Thomas Krichel ().