Re: [Pen-l] note on Moore, Horizontalists

[Ann Davis <davisa@xxxxxxxxxx>]

Gournot wrote:

> A central theme is the
> relationship between credit and effective demand. On pages 382 and 388 he
> explains that global demand is crucially dependent on global credit
> creation and, whatever global credit is created, must be apportioned
> equitably between rich and poor countries. (Not a book on
> SDRs.)

I plan to get the book.  How does he define
"credit"?  Is it strictly in financial terms?

Thanks,
Ann

At 01:00 PM 1/30/2009, you wrote:

Ann was wondering about this book:
Moore, B. (1988), Horizontalists and Verticalists: The Macroeconomics of Credit Money. Cambridge, USA: Cambridge University Press.

A central theme is the relationship between credit and effective demand. On pages 382 and 388 he explains that global demand is crucially dependent on global credit creation and, whatever global credit is created, must be apportioned equitably between rich and poor countries. (Not a book on SDRs.)

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