etymology of endogeneous money

[pdavidso <pdavidso@xxxxxxx>]

----- Forwarded Message -----
From: pdavidso <pdavidso@xxxxxxx>
To: "Niggle, Christopher" <Christopher_Niggle@xxxxxxxxxxxx>
Cc: pktnet <pktnet@xxxxxxxxxxxxxxxx>
Subject: RE: etymology of endogeneous money

>===== Original Message From "Niggle, Christopher"
<Christopher_Niggle@xxxxxxxxxxxx> =====
>Hi Paul: can you tell me when the term "endogeneous money supply or stock"
>began to be used in the PK tradition?  I see you using it in the 1979
>version of Money and the Real World; was it commonly used before then in
>your recollection?  I don't have the 1972 edition of your book.  Thanks.
>


Sidney Weintraub and I wrote an article in THE ECONOMIC JOURNAL(1973)
entitled "Money Cause or Effect" in which we argued that the money supply
could be --and normally would be -- endogenous. Also I had a similar argument
in the 1968 ECONOMETRICA volume --which was written as a criticism of Tobin's
anal;ysis..

Paul

Paul Davidson
Editor, Journal of Post Keynesian Economics
University of Tennessee
SMC 503
Knoxville, Tennessee 37996-0550
office phone #;(865)974-4221; office fax# (865)974-1686 or (865)974-4601
home phone and fax # (865)692-0802
email pdavidson@xxxxxxx
http://econ.bus.utk.edu/davidsonextra/Davidson.html

Paul Davidson
Editor, Journal of Post Keynesian Economics
University of Tennessee
SMC 503
Knoxville, Tennessee 37996-0550
office phone #;(865)974-4221; office fax# (865)974-1686 or (865)974-4601
home phone and fax # (865)692-0802
email pdavidson@xxxxxxx
http://econ.bus.utk.edu/davidsonextra/Davidson.html