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なぜ資本主義は貨幣を管理できないのか -L. Randall Wrayの内生的貨幣供給論をめぐって-
http://hdl.handle.net/10069/29039
http://hdl.handle.net/10069/290398bbcef49-cb9d-4f9f-8e95-e8bb71589e7d
名前 / ファイル | ライセンス | アクション |
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Item type | 紀要論文 / Departmental Bulletin Paper(1) | |||||||
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公開日 | 2012-08-20 | |||||||
タイトル | ||||||||
タイトル | なぜ資本主義は貨幣を管理できないのか -L. Randall Wrayの内生的貨幣供給論をめぐって- | |||||||
言語 | ||||||||
言語 | jpn | |||||||
資源タイプ | ||||||||
資源タイプ識別子 | http://purl.org/coar/resource_type/c_6501 | |||||||
資源タイプ | departmental bulletin paper | |||||||
著者 |
伯井, 泰彦
× 伯井, 泰彦
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著者別名 | ||||||||
識別子Scheme | WEKO | |||||||
識別子 | 41765 | |||||||
姓名 | Hakui, Yasuhiko | |||||||
その他のタイトル | ||||||||
その他のタイトル | Why Monetary Control in Capitalist Economies Fails? : L.R. Wray on Endogenous Money | |||||||
抄録 | ||||||||
内容記述タイプ | Abstract | |||||||
内容記述 | Why monetary control in capitalist economies fails? Endogenous money approach, according to Wray and taking Keynes's nominalist view into consideration, could answer this. Money is a balance sheet's script in transferring purchasing power, a term in which debt positions are described, and its asset item thus financed on demand by banking system. Historically and institutionally, endogenous money is a nominal asset that circulates in every sort of giro systems. Wallerstein's World-System might be reinterpreted in view of its wobbly circulation towards the World- (Giro) -System. Money supply cannot be controlled exogenously since it is determined by private decisions to enter into debt commitments for spending. Liabilities are contractually fixed but assets are indeterminate thus cyclically could fall. This nominalistic nature of monetary contracts is based on the characteristics discussed bellow. Such uncertainties in turn make liquidity preference volatile, whose constraints will emerge, as it were, quasi-exogenously. The latter is no way identified with the demande for money, nor met with the money supply. Financial instability in capitalism is therefore due to a dynamics between the endogeneity of money supply and the "quasi-ex-ogeneity" of liquidity preference. This view on monetary theory provides a compelling critique of financial liberalization. | |||||||
書誌情報 |
経営と経済 en : Journal of Business and Economics 巻 76, 号 2, p. 1-38, 発行日 1996-09-25 |
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収録物識別子タイプ | ISSN | |||||||
収録物識別子 | 02869101 | |||||||
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収録物識別子タイプ | NCID | |||||||
収録物識別子 | AN00069150 | |||||||
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出版タイプ | VoR | |||||||
出版タイプResource | http://purl.org/coar/version/c_970fb48d4fbd8a85 | |||||||
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関連タイプ | isIdenticalTo | |||||||
識別子タイプ | NAID | |||||||
関連識別子 | 110000181393 | |||||||
出版者 | ||||||||
出版者 | 長崎大学経済学会 | |||||||
sortkey | ||||||||
1 | ||||||||
引用 | ||||||||
内容記述タイプ | Other | |||||||
内容記述 | 経営と経済, 76(2), pp.1-38; 1996 |