Contents: Part I: The crisis and the mainstream theory -- 1. A brief description of the crisis -- 2. The mainstream economists and the crisis -- 3. The limits of the mainstream theory -- Part II: An alternative theoretical approach -- 4. Keynes and the monetary theory of production -- 5. Finance...

This paper describes the features of a monetary economy on the basis of Keynes's distinction between a real exchange economy and a monetary economy. In The General Theory, Keynes identifies the reasons for the non-neutrality of money by highlighting the store of wealth function of money; this...

<i> Is Inflation a Monetary Phenomenon Only? A Non Monetarist Episode of Inflation: The Italian Case </i> (di Giancarlo Bertocco) - ABSTRACT:The publication of the second edition of Fratianni and Spinelli’s Monetary History of Italy offers the opportunity to analyze the causes behind the inflation...

type="main" xml:lang="en" <p>Dillard notes that to consider money as an institution of capitalism means to emphasize that money is an essential element in explaining fluctuations in income and employment. He states that Keynes's liquidity preference theory offers a sound explanation of money as an...</p>

The aim of the paper is to evaluate the importance of the endogenous money theory, and the criterion used is whether this theory enables us to elaborate on and to broaden the explanation of the non-neutrality of money formulated by Keynes in The General Theory. The thesis upheld in this paper is...

Mainstream monetary theory considers money only as an instrument meant to facilitate trading without having any effect on income or on the evolution of the economic system. The aim of this paper is to elaborate a monetary theory capable of supporting the thesis of money non-neutrality based on...

In recent years, numerous studies have been published highlighting the role of financial structures in the development process of contemporary economies. In these recent studies, there is always a reference to the pioneering work of Schumpeter; in particular in the writings of Rajan and Zingales...

By accepting the claims of the loanable funds theory, contemporary monetary theory distances itself from Keynes's view of the rate of interest as a monetary phenomenon, and overlooks the arguments Keynes used to respond to the criticism of supporters of the loanable funds theory such as Ohlin...