Money, Banking and Dynamics: Schumpeter vs. Hayek

In the first section we discuss the Wicksellian origins of Schumpeter's and Hayek's approaches to money and banking in the context of dynamic economic analysis. The second section compares the role played by banks and credit in Schumpeter's and Hayek's explanation of economic fluctuations. We conclude by contrasting both authors' perception of economic dynamics.

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Year of publication:	2002
Authors:	Festré, Agnès
Institutions:	HAL
Subject:	Banking \| credit theory \| business cycles

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Extent:	application/pdf
Series:	Post-Print.
Type of publication:	Book / Working Paper
Language:	English
Notes:	View the original document on HAL open archive server: http://halshs.archives-ouvertes.fr/halshs-00271359/en/ Published, The Contribution of Joseph Schumpeter to Economics: Economic Development and Institutional Change, R. Arena and C. Dangel-Hagnauer (Ed.), 2002, 221-240
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008789078