A Heterodox Economics Critique of Financial Liberalization
und | 19. Feb. 2016
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Online veröffentlicht: 19. Feb. 2016
Seitenbereich: 79 - 99
DOI: https://doi.org/10.1515/jheec-2015-0004
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© 2016
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.
We explore a short run structural macroeconomic model with a focus on “the problem of financing economic development“ (Kaleçki, 1976). It is demonstrated that banks, in contrast to nonbanks, have a unique role to play in the production and circulation of commodities in a monetary economy. A case is made for class-based policy.