The Political Economy of Monetary Reform

Sheila Dow

Cambridge Journal of Economics, 2016, vol. 40, issue 5, 1363-1376

Abstract: Proposals to reform money and banking in the wake of the recent crisis appeal to populist politics on the left and the right: if banks caused the crisis, then their power must be curtailed to prevent a recurrence. Many of these proposals echo ideas which gained attention in the wake of the Great Depression. The purpose of this paper is to consider proposals for reform of money and banking current in Canada in the 1930s, in particular plans for social credit and for social reconstruction, some of which were translated into policy. While both sets of ideas involved a markedly increased role for the state in money and banking, the underlying ontology, political philosophy and theoretical rationale were rather different. The result was different views as to the nature of the problem and the feasibility of different policy solutions.

Date: 2016
References: Add references at CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://hdl.handle.net/10.1093/cje/bew013 (application/pdf)
Access to full text is restricted to subscribers.

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:oup:cambje:v:40:y:2016:i:5:p:1363-1376.

Ordering information: This journal article can be ordered from
https://academic.oup.com/journals

Access Statistics for this article

Cambridge Journal of Economics is currently edited by Jacqui Lagrue

More articles in Cambridge Journal of Economics from Cambridge Political Economy Society Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK.
Bibliographic data for series maintained by Oxford University Press ().