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- W4306873722 abstract "In this chapter, we consider the question of whether Keynes in his The General Theory of Employment, Interest and Money regarded the money supply as being exogenously determined. Acknowledging that elsewhere he had considered it to be endogenous, nevertheless, we argue that this is not the case in The General Theory. Although this was been the traditional view, it has been challenged by Sheila Dow. She argues that while Keynes takes the money supply as given, this is not synonymous with exogenous determination. We examine this argument, looking closely at the distinction between given and exogenous variables. Although taking a variable as given does not necessarily mean that it is exogenous, in the case of the money supply in The General Theory we argue that it is in fact both." @default.
- W4306873722 created "2022-10-20" @default.
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- W4306873722 date "2022-10-20" @default.
- W4306873722 modified "2023-09-30" @default.
- W4306873722 title "The endogeneity of the money supply in The General Theory" @default.
- W4306873722 doi "https://doi.org/10.4324/9781003142317-10" @default.
- W4306873722 hasPublicationYear "2022" @default.
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