Keynes’s Treatise on Money and the role of the State
This paper aims at providing a critical reconstruction of Keynes’s view on the links existing between public spending, interest rate, wages and employment, as formulated in his Treatise on Money. It will be argued that Keynes’s approach leads to a policy prescription which stresses the necessity of...
| Autores: | , |
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| Tipo de recurso: | artículo |
| Fecha de publicación: | 2016 |
| País: | España |
| Institución: | Universidad Complutense de Madrid (UCM) |
| Repositorio: | Docta Complutense |
| Idioma: | inglés |
| OAI Identifier: | oai:docta.ucm.es:20.500.14352/23519 |
| Acceso en línea: | https://hdl.handle.net/20.500.14352/23519 |
| Access Level: | acceso abierto |
| Palabra clave: | B22 E12 D33 John Maynard Keynes Dinero endógeno Política fiscal. Endogenous money Fiscal policy. Macroeconomía Microeconomía Teorías económicas 5307.14 Teoría Macroeconómica 5307.15 Teoría Microeconómica 5307 Teoría Económica |
| Sumario: | This paper aims at providing a critical reconstruction of Keynes’s view on the links existing between public spending, interest rate, wages and employment, as formulated in his Treatise on Money. It will be argued that Keynes’s approach leads to a policy prescription which stresses the necessity of direct State intervention in supplying goods and services. This conclusion is derived from a circuitist interpretation of this work. |
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