Schools that explain money as a creature of the state or of credit circuits, including chartalism, monetary circuit theory and modern monetary theory. A school belongs here when its cited article describes a theory of money and public finance of this kind. The group brings together the entries filed under the heading Modern Money Theories, so a reader can compare them and move from one to another within the same part of the economic field.
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Modern Money Theories
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Monetary Circuit Theory (Wikipedia)
WikipediaHas Member: Monetary Circuit Theory, LeadQuote, Has Member: Monetary Circuit Theory, Lead
Monetary circuit theory is a heterodox theory of monetary economics, particularly money creation, often associated with the post-Keynesian school.
Levy Economics Institute of Bard College: From the State Theory of Money to Modern Money Theory
Levy Economics Institute of Bard CollegeHas Member: Modern Monetary Theory, Abstract
This literature became the foundation for Modern Money Theory (MMT).
Has Member: Chartalism, Abstract
This paper explores the intellectual history of the state, or chartalist, approach to money, from the early developers (Georg Friedrich Knapp and A. Mitchell Innes) through Joseph Schumpeter, John Maynard Keynes, and Abba Lerner, and on to modern exponents Hyman Minsky, Charles Goodhart, and Geoffrey Ingham.
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