http://www.freeassociations.org/
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(2) Money is always debt; it cannot be a commodity from the first proposition because, if it ...... lower in the pyramid use the IOUs issued by entities higher in the pyramid to make .... Foley, Duncan. 1989.
http://www.levyinstitute.org/pubs/wp_647.pdf
Wray
Money
by
L. Randall Wray
Levy Economics Institute of Bard College
December 2010
Foley, Duncan. 1989. “Money in Economic Activity.”
in John Eatwell, Murray Milgate, and Peter Newman (eds.), The New Palgrave: Money. New York and London: W.W. Norton.
https://www.amazon.co.jp/Money-New-Palgrave-John-Eatwell/dp/0393027260
Duncan K. Foley (born June 15, 1942) is an American economist. He is the Leo Model Professor of Economics at the New School for Social ... (1976–1981), and of ''Journal of Economic Behavior and Organization'' (1989–2014), and on the ...
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Duncan K. Foley, "On Marx's Theory of Money", Social Concept 1(1), 5-19, 1983. Duncan K. Foley. ON MARX'S ...... elimination of gold as the apex of the pyramid of promises to pay. The state instead ...
Major works of Duncan K. Foley ... "Optimal Fiscal and Monetary Policy and Economic Growth", with M. Sidrauski and K.
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Prepared for Duncan Foley festschrift volume, and ... Always and everywhere, monetary systems are hierarchical. .... help to visualize the hierarchy as a symmetric pyramid rising on a ...
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social relation (Foley 1987, Ingham 1996). Keynes ... For Minsky, there is nothing special or elusive about money. ..... Therefore, the 'hierarchy of money' can be thought of as a multi-tiered pyramid where the tiers represent ..... Foley, Duncan.
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Minsky, 1986; Foley, 1987; Wray, 1990) have recognised as a debt-pyramid or ' hierarchy of money', which exists in all ...
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1Notes by Duncan K. Foley, Fall, 1997. All rights reserved ..... on the grounds that in the short run in monetary economies demand ...... pyramids of credit are vulnerable to sudden crises, in which the fail-.
Duncan K. Foley: current contact information and listing of economic research of this author provided by RePEc/IDEAS. ... "Unemployment and Price Dynamics in a Monetary-Fiscal Policy Model," ...
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