Abstract
The pure credit economy is a concept of a monetary economy in which money — in the sense of non-interest bearing currency — does not exist. The uses of the concept range from the purely analytical to evolutionary prediction. The features of the models vary from central banks controlling output to sophisticated barter in competitive funds systems, yielding widely divergent propositions about credit constraints and the determination of interest, prices and production. This diversity calls for an examination of the origins and implications of the pure credit economy concept.
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Trautwein, HM. (1997). The Uses of the Pure Credit Economy. In: Cohen, A.J., Hagemann, H., Smithin, J. (eds) Money, Financial Institutions and Macroeconomics. Recent Economic Thought Series, vol 53. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-5362-1_1
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DOI: https://doi.org/10.1007/978-94-011-5362-1_1
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