The Political Economy of Monetary Reform
考察了1930年代加拿大货币与银行改革方案,特别是社会信用和社会重建计划,分析其背后的本体论、政治哲学和理论逻辑差异,以及这些差异如何影响对问题本质和政策可行性的看法。
Proposals to reform money and banking in the wake of the recent crisis appeal to populist politics on the left and the right: if banks caused the crisis then their power must be curtailed to prevent a recurrence. Many of these proposals echo ideas which gained attention in the wake of the Great Depression. The purpose of this paper is to consider proposals for reform of money and banking current in Canada in the 1930s, in particular plans for social credit and for social reconstruction, some of which were translated into policy. While both sets of ideas involved a markedly increased role for the state in money and banking, the underlying ontology, political philosophy and theoretical rationale were rather different. The result was different views as to the nature of the problem and the feasibility of different policy solutions.