by Philip Pilkington
Article of the Week from Fixing the Economists
In a series of comments on my previous post involving myself, Neil Wilson and Oliver it became clear quite quickly how closely my asset-pricing framework is tied up with the Post-Keynesian theory of endogenous money. Oliver suggested that I look into the Theory of Monetary Emissions (TME) – a forerunner of the modern ‘Circuitist school’ of monetary theory.
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