monetary theory

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See: finance
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He explains the flaws in classical theory; its axioms and relationship to unemployment; the role of money and money contracts and savings and liquidity; why mainstream Keynesian theory is not Keynes' theory; the need to create full employment policies; why the neutral money theory analysis of inflation or deflation is not applicable to the current economy; securitization, liquidity, and market failure, with discussion of the 2008 financial crisis; and globalization, international trade, and international payments.
However, money theory has also spawned a distinguished heterodox tradition, with a pedigree traceable back to Smith and Marx and continuing through the work of Knapp (The State Theory of Money), Schumpeter and the Keynes of the Treatise on Money to Abba Lerner's 'functional finance' and the 'endogenous money' of Hyman Minsky and the neo-chartalists (Wray, 1998, 18-37).
2013) 'Modern money theory 101: a reply to critics', Working Paper No.
But she added: "To be fair to him, he ( Ness) did pay me back a couple of months later ( without any premium) so Hope the money theory is put to end once and for all.
To be fair to him he did pay me back a couple of months later (without any premium) so hope the money theory is put to end once and for all.
The quantity of money theory holds that money supply, multiplied by the rate of circulation (the velocity), equals the nominal GDP.
The remaining seven chapters are more or less analytical in nature, and most of them fall within the 'monetary circuit' branch of Post Keynesian endogenous money theory.