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From Wicksell to Keynes? Some Thoughts on the Role of a Central Bank in the Tradition of Monetary Circuit Theory

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The Political Economy of Monetary Circuits

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Abstract

At the time of writing, 70 years after Hicks (1937) began his reinterpretation of Keynes’s theory, a new neoclassical synthesis is taking shape. Keynes’s theory is still acknowledged as valid on a short-term basis, while in the long run the conclusions of the neoclassical point of view are deemed correct.

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Authors
  1. Stefano Figuera
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Editors and Affiliations

  1. University Pierre-Mendès-France, Grenoble, France

    Jean-François Ponsot (Associate Professor of Economics) (Associate Professor of Economics)

  2. University of Fribourg, Switzerland

    Sergio Rossi (Professor of Economics) (Professor of Economics)

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© 2009 Stefano Figuera

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Figuera, S. (2009). From Wicksell to Keynes? Some Thoughts on the Role of a Central Bank in the Tradition of Monetary Circuit Theory. In: Ponsot, JF., Rossi, S. (eds) The Political Economy of Monetary Circuits. Palgrave Macmillan, London. https://doi.org/10.1057/9780230245723_8

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