著者
楊枝 嗣朗
出版者
佐賀大学
雑誌
佐賀大学経済論集 (ISSN:02867230)
巻号頁・発行日
vol.40, no.6, pp.1-31, 2008-03
著者
楊枝 嗣朗
出版者
佐賀大学
雑誌
佐賀大学経済論集 (ISSN:02867230)
巻号頁・発行日
vol.39, no.6, pp.1-39, 2007-03
著者
楊枝 嗣朗
出版者
佐賀大学経済学会
雑誌
佐賀大学経済論集 / 佐賀大学経済学会 = SAGA UNIVERSITY ECONOMIC REVIEW (ISSN:02867230)
巻号頁・発行日
vol.53, no.2, pp.35-66, 2020-08

I ケインズ『古代通貨草稿』と貨幣論の再構成II 現代貨幣=国家貨幣観の盛行III MMTの銀行信用論の構造
著者
楊枝 嗣朗
出版者
経済理論学会
雑誌
季刊経済理論 (ISSN:18825184)
巻号頁・発行日
vol.45, no.2, pp.5-14, 2008

The thought of independence of central banking was generally accepted during 1990s. And then the relationship between money and state has hardly occupied the interest of monetary economists. Some of them emphasised that the central banking does not have any administrative power. Therefore, the query why the government must ultimately take the responsibility for the stability of financial system and why the central bank must contribute to it through the prudential policy, have not been drked theoretically. In the meantime the Free Banking School has insisted the abolition of the central bank because the central bank-money is state fiat money. And the Cartalists like L. R. Wray, S. Bell, and C. A. E. Goodhart have attached the importance of ties between money and state, and therefore they have been worried about the future of Euro money due to breaking its bond with governments. We understand the ties between money and government are essential; otherwise the capitalistic credit monies could not have been developed. Since private credit monies circulated among merchants and traders in modern times, state monies like coins became just small changes for private credit monies. In consequence governments lost the ability of raising fund to a great extent. There were no way other than accepting private credit monies as means of tax-payment to raise fund. Such an intervention by government assisted private credit monies to circulate all over their country. The central bank currency contributed to reduce the costs of commercial transactions and of tax-collection too. From the above point of view we inquire the relationship between money and state, and why a central bank has "the ambiguous presence as a semi-governmental corporation".
著者
楊枝 嗣朗 楊枝 嗣朗
出版者
佐賀大学
雑誌
佐賀大学経済論集 (ISSN:02867230)
巻号頁・発行日
vol.19, no.1, pp.(105-156), 1986-04
著者
岡本 悳也 楊枝 嗣朗
出版者
経済理論学会
雑誌
季刊経済理論 (ISSN:18825184)
巻号頁・発行日
vol.51, no.3, pp.20-31, 2014-10-20 (Released:2017-04-25)

The Lehman Shock prompted the Marx tenet school and the Left-wing liberal group to contemplate if capitalism has reached its demise or whether the Shock was a general crisis of capitalism. However, I do not believe either of these phenomena. This is because most of the advanced nations escaped from this crisis and have now started to recover. The Lehman shock was "only a shock" and was not the sort of crisis that would shake the capitalistic organization. Historically, capitalism became increasingly more flexible and tough as a counterbalancing force and a system against the communism. This is maybe a historical paradox or a dialectical development of the history. As for contemporary capitalism, the role of the financial system overwhelmingly bears an important impression under the name of "financial capitalism". It is an anachronistic point of view to define "financial capitalism" as "casino capitalism" & "avaricious capitalism". It is the same kind for Lenin to give similar superficial evaluations as "parasitic" & "rot characteristics "on Imperialism. It could be argued that the intellectual weakening of the Marx tenet school and the Left-wing liberal group could be in a critical situation. As Marx has taught, we should today face squarely what "financial capitalism" is. It is important to clarify the structure and historical phase of "financial capitalism", as well as to reach an ideological connotation. The era of "financial capitalism" is a new era when the public is able to save positively and spontaneously, from the time in which the public enjoys consumption. Savings at the household level is the significant foundation of "financial capitalism", and it is on this firm basis that the financial system generates funds for the improvement of living standards of the public and economic growth of developing countries. However, sometimes this approach could be prone to risk and vulnerability. This is the reality of the principle of "financial capitalism".
著者
楊枝 嗣朗
出版者
経済理論学会
雑誌
季刊経済理論 (ISSN:18825184)
巻号頁・発行日
vol.45, no.2, pp.5-14, 2008-07-20 (Released:2017-04-25)

The thought of independence of central banking was generally accepted during 1990s. And then the relationship between money and state has hardly occupied the interest of monetary economists. Some of them emphasised that the central banking does not have any administrative power. Therefore, the query why the government must ultimately take the responsibility for the stability of financial system and why the central bank must contribute to it through the prudential policy, have not been drked theoretically. In the meantime the Free Banking School has insisted the abolition of the central bank because the central bank-money is state fiat money. And the Cartalists like L. R. Wray, S. Bell, and C. A. E. Goodhart have attached the importance of ties between money and state, and therefore they have been worried about the future of Euro money due to breaking its bond with governments. We understand the ties between money and government are essential; otherwise the capitalistic credit monies could not have been developed. Since private credit monies circulated among merchants and traders in modern times, state monies like coins became just small changes for private credit monies. In consequence governments lost the ability of raising fund to a great extent. There were no way other than accepting private credit monies as means of tax-payment to raise fund. Such an intervention by government assisted private credit monies to circulate all over their country. The central bank currency contributed to reduce the costs of commercial transactions and of tax-collection too. From the above point of view we inquire the relationship between money and state, and why a central bank has "the ambiguous presence as a semi-governmental corporation".
著者
楊枝 嗣朗
出版者
佐賀大学
雑誌
佐賀大学経済論集 (ISSN:02867230)
巻号頁・発行日
vol.41, no.1, pp.1-24, 2008-05
著者
楊枝 嗣朗
出版者
佐賀大学経済学会
雑誌
佐賀大学経済論集 (ISSN:02867230)
巻号頁・発行日
vol.40, no.5, pp.1-39, 2008-01