On the “horizontalism” of money supply: response to professor Cardim de Carvalho

Vol. 14 No. 1 (1994)

Jan-Mar / 1994
Published January 1, 1994
PDF-Portuguese (Português (Brasil))
PDF-Portuguese (Português (Brasil))

How to Cite

Costa, Fernando Nogueira da. 1994. “On the ‘horizontalism’ of Money Supply: Response to Professor Cardim De Carvalho”. Brazilian Journal of Political Economy 14 (1):152-57. https://doi.org/10.1590/0101-31571994-0780.
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On the “horizontalism” of money supply: response to professor Cardim de Carvalho

Fernando Nogueira da Costa
Do Instituto de Economia da Universidade de Campinas – Unicamp, Campinas/SP, Brasil.
Brazilian Journal of Political Economy, Vol. 14 No. 1 (1994), Jan-Mar / 1994, Pages 152-157

Abstract

These comments constitute an analysis about Cardim de Carvalho’s reply for
a critical examination of Keynes’s theory of money. That theory assumed inelasticity of
supply with respect to demand as a necessary attribute of money. This paper examines why
Basil Moore sustains the “horizontalist” approach.

JEL Classification: E12; E51.


Keywords: Money supply post-Keynesianism