The “Cambridge” critique of the quantity theory of money: A note on how quantitative easing vindicates it

Maria Cristina Marcuzzo

Journal of Post Keynesian Economics, 2017, vol. 40, issue 2, 260-271

Abstract: Through quantitative easing markets have been flooded with liquidity, but rather than inflation we have witnessed a general deflation because of the liquidity trap environment in which the banking system operated; this article revisits the arguments against the quantity theory in the “Cambridge” tradition of John Maynard Keynes, Richard Kahn, and Nicholas Kaldor, and defends their soundness and topicality.

Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://hdl.handle.net/10.1080/01603477.2017.1286939 (text/html)
Access to full text is restricted to subscribers.

Related works:
Chapter: The “Cambridge” Critique of the Quantity Theory of Money. A Note on How Quantitative Easing Vindicates It (2024)
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:mes:postke:v:40:y:2017:i:2:p:260-271

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/MPKE20

DOI: 10.1080/01603477.2017.1286939

Access Statistics for this article

More articles in Journal of Post Keynesian Economics from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().