Money

By Maria Alejandra Madi¹
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Affiliations: ¹ World Economics Association, State University of Campinas, Av. Anglica 1711, cj. 111, So Paulo, SP, Brazil
Source: Pluralist Readings in Economics: Key Concepts and Policy Tools for the 21st Century , pp 38-57
Publication Date: June 2017
Language: English

This chapter aims to present different perspectives on the theory of money. Firstly, we refer to Eugen von Böhm-Bawerks theoretical approach developed in the late 1880s that highlights the concept of interest rate in the context of inter-temporal allocation decisions. Then, we consider John Maynard Keyness contribution privileges that money is non-neutral and that the rate of interest is a monetary phenomenon. Finally, we include the Keynesian approach developed by James Tobin to monetary issues in bank money and banking strategies in order to clarify the dynamics of banks decisions toward profitable assets.

Hardbound ISBN: 9781681085074

Ebook ISBN: 9781681085067

Book DOI: https://doi.org/10.2174/97816810850671170201