Money: Cause or Effect? Exogenous or Endogenous?

Paul Davidson

Chapter 14 in Nicholas Kaldor and Mainstream Economics, 1991, pp 243-258 from Palgrave Macmillan

Abstract: Abstract Professor Hahn, a distinguished theorist, has recently written: ‘The most serious challenge that the existence of money poses to the theorist is this: the best developed model of the economy cannot find room for it’ (Hahn, 1981, p. 1).

Keywords: Banking System; Money Supply; Money Demand; Supply Function; Monetary Authority (search for similar items in EconPapers)
Date: 1991
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DOI: 10.1007/978-1-349-10947-0_14

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