Brian Romanchuk — Heterodox/Mainstream Views On Banking

Summary:
David Andolfatto recently published "Reconciling Orthodox and Heterodox Views on Money and Banking," which discusses the theoretical split between recent mainstream thinking and heterodox views on banking. From my perspective, he is addressing heterodox critiques of mainstream thinking that I am not particularly interested in; in fact, based on his criteria, I would be closer to "mainstream" than "heterodox" -- as would possibly be Hyman Minsky. I would view the problem with mainstream modelling as resulting from a blind spot regarding the business sector. The fact that Andolfatto's proposed model used to structure the debate does not include a business sector might be used as evidence of my claim about that blind spot.... Bond Economics Heterodox/Mainstream Views On BankingBrian

Topics:
Mike Norman considers the following as important: David Andolfatto, money and banking

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