Economics, Econometrics and Finance
3 years ago

Kaldor's innovative theory challenges Keynes, reshaping modern monetary economies.

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Kaldor’s monetary thought: A contribution to a modern theory of money
Claudio Sardoni

Paper Summary

Kaldor's work offers new ideas on how money influences the economy differently from Keynes. By exploring speculation and the role of money, Kaldor suggests ways to improve Keynesian theory for modern economies.

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