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Found 1 from your keywords: author=L. Randall Wray

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Banking, Finance, and Money: A Socioeconomics Approach

riefly summarizes the orthodox a pproach to banking, finance, and money, and then points the way toward an alternativ e based on socioeconomics. It argues that the alternative approach is better f itted to not only the historical record, but also sheds more light on the nature of money in modern economies. In orthodoxy, money is something that reduces transaction costs, simplifyi…

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