This paper proposes a classification of different approaches to the thesis of the endogenous money on the base of the three conceptions of the essential function of the money (medium of the exchanges, store of value and means of payment). We could distinguish between: wiksellian endogeneity: the money is considered mainly in his function of medium of the exchanges, but his supply is endogenously determined by banking system with the offer of substitutes of the commodity money; keynesian endogeneity: the money is considered mainly in his function of store of value and the supply is endogenous because is the result of the preferences on the way of hold the wealth in a context of uncertainty; schumpeterian endogeneity: the money is considered las means of payment and purchasing power. The endogenous character of the money supply is definite through the integration between money and productive process.
Endogeneit� wickselliana, keynesiana e schumpeteriana: tre approcci analitici all�endogeneit� dell�offerta di moneta / Patalano, Rosario. - In: STUDI ECONOMICI. - ISSN 0039-2928. - STAMPA. - 85:1(2005), pp. 105-135.
Endogeneit� wickselliana, keynesiana e schumpeteriana: tre approcci analitici all�endogeneit� dell�offerta di moneta
PATALANO, ROSARIO
2005
Abstract
This paper proposes a classification of different approaches to the thesis of the endogenous money on the base of the three conceptions of the essential function of the money (medium of the exchanges, store of value and means of payment). We could distinguish between: wiksellian endogeneity: the money is considered mainly in his function of medium of the exchanges, but his supply is endogenously determined by banking system with the offer of substitutes of the commodity money; keynesian endogeneity: the money is considered mainly in his function of store of value and the supply is endogenous because is the result of the preferences on the way of hold the wealth in a context of uncertainty; schumpeterian endogeneity: the money is considered las means of payment and purchasing power. The endogenous character of the money supply is definite through the integration between money and productive process.File | Dimensione | Formato | |
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