The New Monetary Economics and Keynes′ Theory of Money

doi:10.1108/01443589410065659

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The New Monetary Economics and Keynes′ Theory of Money

Journal of Economic Studies1994doi:10.1108/01443589410065659

Abstract

According to the New Monetary Economics (NME), the introduction of non‐tangible payments media would altogether invalidate current monetary economics. After an illustration of the main tenets of the NME, critically analyses its rejection of both the quantity theory and liquidity preference on the basis of Keynes′ theory of money.

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10.1086/260852

10.1080/01603477.1990.11489821

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The New Monetary Economics and Keynes′ Theory of Money

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