Money: Cause or Effect? Exogenous or Endogenous?

  • Louise Davidson


Professor Hahn, a distinguished theorist, has recently written: ‘The most serious challenge that the existence of money poses to the theorist is this: the best developed model of the economy cannot find room for it’ (Hahn, 1981, p. 1).


Banking System Money Supply Money Demand Supply Function Monetary Authority 
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Copyright information

© Paul Davidson 1999

Authors and Affiliations

  • Louise Davidson

There are no affiliations available

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