Endogenous money and the multiplier

Allin Cottrell

Papers deposited by Authors from Post-Keynesian Archive

Abstract: The paper criticizes Basil Moore's contention (in his 1988 book, "Horizontalists and Verticalists") that the theory of endogenous money invalidates the 'traditional' Keynesian idea of the multiplier.

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Published in Journal of Post-Keynesian Economic

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