Rochon, Louis-Philippe; Rossi, Sergio - In: Review of Keynesian Economics 1 (2013) 2, pp. 210-229
The purpose of this paper is to shed light on the endogenous nature of money. Contrary to the established post-Keynesian, or evolutionary, view, this paper argues that money has always been endogenous, irrespective of the historical period. Instead of the evolutionary theory of money and banking...