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Public Banking and Post-Keynesian Economic Theory
International Journal of Political Economy ( IF 1.0 ) Pub Date : 2019-01-02 , DOI: 10.1080/08911916.2018.1550947
Wesley C. Marshall , Louis-Philippe Rochon

Abstract In this article, we make an appeal for the incorporation of public banking into public discourse regarding the management of the U.S. economy. We argue that the history of post-Keynesian thinking shows a perennial interest in offering solutions to financial and economic problems that often involve the participation of the State. However, in more recent history, discussion has revolved around fiscal and monetary policy, with little consideration given to credit policy and the role of public banking. Basing our arguments on what we believe to be Keynes’s most important lessons for the current crisis, we establish several forms in which public banks can confront the economic morass that the Too Big to Fail banks have created.

中文翻译:

公共银行和后凯恩斯经济理论

摘要 在本文中,我们呼吁将公共银行业务纳入有关美国经济管理的公共话语中。我们认为,后凯恩斯主义思想的历史表明,人们对解决经常涉及国家参与的金融和经济问题有着长期的兴趣。然而,在最近的历史中,讨论围绕财政和货币政策展开,很少考虑信贷政策和公共银行的作用。基于我们认为凯恩斯对当前危机最重要的教训的论点,我们建立了几种公共银行可以应对“太大而不能倒闭”银行造成的经济泥潭的形式。
更新日期:2019-01-02
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