Re: etymology of endogeneous money

["Javier Finkman" <finkman@xxxxxxxxxxxxx>]

I recommend the article:

"On Passive Money" by Julio H. G. Olivera appeared on "The Journal of
Political Economy" (Jul-Aug 1970). In my very limited knowlege, the
Argentine economist Olivera was known for applying the idea of endogenous
money in several pieces that appeared earlier in spanish. In any case, more
than an issue of discovery (irrelevant for me), I think is interesting to
know his argument as it became an important part of the theoretical
underpinings of the latin american critique of neoclassical and monetarist
doctrines. Structuralism is a way of thinking that deserves a more relevant
place in the history of economic thought. Other important sources for
structuralism are Keynes, Minsky, Chenery, among others.


----- Original Message -----
From: "pdavidso" <pdavidso@xxxxxxx>
To: <pkt@xxxxxxxxxxxxxxxx>
Sent: Sunday, July 27, 2003 8:14 PM
Subject: etymology of endogeneous money


> ----- 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
>
>
>