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Keen Behavioural Finance 2011 Lecture 07 Endogenous Money Part 1

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Uploaded on Sep 15, 2011

Endogenous money is an established empirical fact, but a seriously underdeveloped concept in economics. In this lecture I cover some of the foundational disputes that marked the development of the concept, and then introduce Graziani's brilliant concept of the Monetary Circuit as a foundation for a monetary model of capitalism.

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