Building on the British and American central banking schools, Perry Mehrling has
spent his career developing what he calls the ‘money view’. While economics and
finance have oddly abstracted from the concept of money in order to focus on other
problems, this minority view focusses on money and credit for what it is: a set of
interlocking promises to pay and how these promises get settled. The money view
therefore is in a unique position to restart a conversation between economics and
finance, as well as theory and practice.
Discussants: Anastasia Nesvetailova (UNCTAD & City University London) and Thomas Ferguson (INET)
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