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Appears in Collections:Economics Conference Papers and Proceedings
Author(s): Dow, Sheila
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Title: Keynes on Domestic and International Monetary Reform
Editor(s): Dow, S
Jespersen, J
Tily, G
Citation: Dow S (2018) Keynes on Domestic and International Monetary Reform. In: Dow S, Jespersen J & Tily G (eds.) The General Theory and Keynes for the 21st Century. New Directions in Modern Economics. The General Theory and Victoria Chick at 80, UCL, London, 11.07.2016-11.07.2016. Cheltenham: Edward Elgar, pp. 132-144.
Issue Date: 31-Dec-2018
Date Deposited: 4-Dec-2018
Series/Report no.: New Directions in Modern Economics
Conference Name: The General Theory and Victoria Chick at 80
Conference Dates: 2016-07-11 - 2016-07-11
Conference Location: UCL, London
Abstract: First paragraph: Within a capitalist economy, the institution of money both enables and constrains. It enables by providing a safe asset as the basis for contracts and as a refuge from uncertainty. But by the same token it constrains by providing an alternative to effective demand, creating unemployment, and by forming the basis for a financial system which can promote inequality of income and wealth. It was to address these concerns that Keynes put forward ideas for monetary reform, to create structures which would discourage the propensity to hoard money, 'a first approximation to the concept of liquidity preference' (Keynes [1936] 1973, p. 174) and to reduce the impact of such a propensity.
Status: AM - Accepted Manuscript
Rights: This item has been embargoed for a period. During the embargo please use the Request a Copy feature at the foot of the Repository record to request a copy directly from the author. You can only request a copy if you wish to use this work for your own research or private study. Publisher policy allows this work to be made available in this repository. Published in The General Theory and Keynes for the 21 st Century (ed. by Dow S, Jespersen J & Tily G), copyright Edward Elgar Publishing. The original publication is available at: The only uses of this work permitted are private study or research.

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