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Complexity, Endogenous Money and Macroeconomic Theory

Complexity, Endogenous Money and Macroeconomic Theory

Essays in Honour of Basil J. Moore

Edited by Mark Setterfield

During a distinguished career, Basil Moore has made numerous important contributions to macroeconomics and monetary economics, and is renowned as the progenitor of the ‘horizontalist’ analysis of endogenous money. More recently, he has embraced complexity theory as part of an ongoing effort to understand macroeconomics as an evolving, path-dependent process. This book celebrates and explores Basil Moore’s interests in and contributions to monetary and macroeconomic theory.

Chapter 6: Effective Demand and Endogenous Money in a Path-Dependent Economy: Towards a ‘Moorian’ Credit Supply Curve – and a Reconciliation between Horizontalists and Structuralists?

Mark Setterfield

Subjects: economics and finance, financial economics and regulation, post-keynesian economics


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