Schumpeter's institution of money: Slipping off the border of economic theory and landing in economic sociology

Cécile Dangel-Hagnauer (hagnauer@unice.fr)
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Cécile Dangel-Hagnauer: GREDEG - Groupe de Recherche en Droit, Economie et Gestion - UNS - Université Nice Sophia Antipolis (1965 - 2019) - CNRS - Centre National de la Recherche Scientifique - UniCA - Université Côte d'Azur

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Abstract: In contrast to Schumpeter's theory of credit and banking, expounded in definitive form in The Theory of Economic Development, his theory of money took on successive forms over the years, starting with an attempt at its integration within the general equilibrium framework, and gradually assuming institutional traits, most notably in his posthumously published manuscript, The Theory of Money and Banking. This paper traces this evolution and explores the difficulties met when attempting to delimit the disciplinal field to which Schumpeter's 'science of money' pertains.

Keywords: economic sociology; institution(s); pure economic theory; Schumpeter; theory of money (search for similar items in EconPapers)
Date: 2013-12-02
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Published in European Journal of the History of Economic Thought, 2013, 20 (6), pp.1000-1031. ⟨10.1080/09672567.2013.856454⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00929820

DOI: 10.1080/09672567.2013.856454

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