Money and credit in capitalist economies : the endogenous money approach
Money and credit in capitalist economies : the endogenous money approach
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资本主义经济中的货币和信贷：内生货币方法
DOI：
10.5860/choice.29-0427
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发表时间：
1990
期刊：
影响因子：
--
通讯作者：
L. Randall Wray
中科院分区：
文献类型：
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作者：
L. Randall Wray
这本广受好评的书认为，货币不是简单的存款乘数过程的产物。令人印象深刻的分析包括讨论货币的起源和性质，以及货币制度和理论的演变。与最近其他关于“内生货币”的著作不同，本书通过仔细区分货币和流动性，并通过展示货币而不是流动性是如何根据需求创造出来的，将流动性偏好理论纳入分析范围。这自然导致了流动性偏好在利率决定中的作用。然后，延期将货币与金融不稳定、支出乘数、信贷、储蓄、投资、发展、赤字和增长联系在一起。这本充满争议和挑衅性的书将是所有关注货币和宏观经济学的经济学家和研究人员的必读读物。它将对后凯恩斯主义经济学家具有特别的吸引力。
This widely acclaimed book argues that money is not the product of a simple deposit multiplier process. The impressive analysis includes discussions of the origins and nature of money and of the evolution of monetary institutions and theory. Unlike other recent works on `endogenous money', this book incorporates liquidity preference theory within the analysis by carefully distinguishing money from liquidity and by showing how money, but not liquidity, is created on demand. This naturally leads to a role for liquidity preference in the determination of interest rates. Extensions then link money to financial instability, the expenditure multiplier, credit, saving, investment, development, deficits and growth. This controversial and provocative book will be essential reading for all economists and researchers concerned with monetary and macroeconomics. It will have particular appeal to post Keynesian economists.