Keynes’ two monies

Les deux monnaies de Keynes

Laurent Baronian ()
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Laurent Baronian: ACT - Analyse des Crises et Transitions - LABEX ICCA - UP13 - Université Paris 13 - Université Sorbonne Nouvelle - Paris 3 - CNRS - Centre National de la Recherche Scientifique - UPCité - Université Paris Cité - Université Sorbonne Paris Nord - Université Sorbonne Paris Nord, SOPHIAPOL - Sociologie, philosophie et anthropologie politiques - UPN - Université Paris Nanterre, TRIANGLE - Triangle : action, discours, pensée politique et économique - ENS de Lyon - École normale supérieure de Lyon - Université de Lyon - UL2 - Université Lumière - Lyon 2 - IEP Lyon - Sciences Po Lyon - Institut d'études politiques de Lyon - Université de Lyon - UJM - Université Jean Monnet - Saint-Étienne - CNRS - Centre National de la Recherche Scientifique

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Abstract: In his first article from 1982, Jérôme de Boyer envisions in the Treatise on Money the existence of two types of money in the monetary circulation: an asset-money and a circulating money, which are not merely differences in function. This article aims to account for these two types of money within the theory of liquidity preference. It thus traces the stages of the formation of these two types of money before analyzing the introduction of the finance motive in the demand for money function.

Keywords: Système bancaire; Keynésianisme; Monnaie; Crédit; Taux d’intérêt; Banque centrale; Politique monétaire; Keynesianism; Marchés financiers; Financial markets; Banking system; Monetary policy; Central bank; Interest rates; Credit; Money (search for similar items in EconPapers)
Date: 2025-06-18
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Published in Revue d'histoire de la pensée économique, 2025, 2025-1 (19), pp.107-131. ⟨10.48611/isbn.978-2-406-18601-4.p.0107⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-05547396

DOI: 10.48611/isbn.978-2-406-18601-4.p.0107

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