Keynes's Approach to Money: An Assessment After Seventy Years
Keynes's Approach to Money: An Assessment After Seventy Years
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凯恩斯的货币方法：七十年后的评估
DOI：
10.1007/s11293-006-9005-2
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发表时间：
2006
影响因子：
0.6
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
本文首先考察了凯恩斯在《通论》中对货币的两种处理方法。第一种是第13章中比较熟悉的“供给与需求”均衡方法，它被纳入了传统的宏观经济学教科书中。事实上，即使是后凯恩斯主义者利用凯恩斯的“金融动机”或“水平”货币供应曲线也采用了类似的方法。第17章介绍了通论的第二种方法，凯恩斯放弃了“货币供给和需求”，转而采用资产价格的流动性偏好方法，这种方法对货币在约束有效需求方面的作用提供了更令人满意的处理。在倒数第二节，我回到凯恩斯早期的《货币论》以及《通论》的早期草稿，以更好地理解货币的本质。最后，我谈谈政策影响。
This paper first examines two approaches to money adopted by Keynes in the General Theory. The first is the more familiar ‘supply and demand’ equilibrium approach of Chapter 13 incorporated within conventional macroeconomics textbooks. Indeed, even Post Keynesians utilizing Keynes's ‘finance motive’ or the ‘horizontal’ money supply curve adopt similar methodology. The second approach of the General Theory is presented in Chapter 17, where Keynes drops ‘money supply and demand’ in favor of a liquidity preference approach to asset prices that offers a more satisfactory treatment of money's role in constraining effective demand. In the penultimate section, I return to Keynes's earlier work in the Treatise on Money as well as the early drafts of the General Theory to obtain a better understanding of the nature of money. I conclude with policy implications.
什么是自由主义？
DOI：
--
发表时间：
2006
期刊：
影响因子：
--
作者：
Seiyama;Kazuo
通讯作者：
Kazuo