Keynes’s Approach to Money: What can be Recovered?

L. Randall Wray

Chapter 12 in Keynes’s General Theory After Seventy Years, 2010, pp 222-240 from Palgrave Macmillan

Abstract: Abstract This chapter will first take a retrospective look at Keynes’s General Theory approach to money. We next turn to the neoclassical synthesis approach to money to determine what was retained, and what was shed, from Keynes’s approach. Finally, we examine what needs to be recovered to create a coherent and useful approach to money that synthesizes Keynes’s early insights with more recent developments in monetary theory.

Keywords: Interest Rate; Monetary Policy; Central Bank; Money Supply; Government Spending (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-0-230-27614-7_13

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DOI: 10.1057/9780230276147_13

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