Victoria chick on the monetary foundations of macroeconomics LSE Research Online Home home About fingerprint Deposit
upload Policies policy Statistics bar_chart Department school Item type interests LSE creators person Funder
currency_pound Year calendar_month Admin login login Search Repository search Search Deposit Victoria chick on the
monetary foundations of macroeconomics Toporowski, J. (2026). Victoria chick on the monetary foundations of
macroeconomics. Journal of Post-Keynesian Economics, https://doi.org/10.1080/01603477.2026.2664429 Copy Share Abstract
With the possible exception of her work on economic methodology, the monetary economics of Victoria Chick lay at the
heart of her macroeconomics, and her general approach to economics. Chick’s monetary economics started with her
participation in the revival of monetary theory in the wake of the Radcliffe Report, which argued that liquidity rather
than money should be the central operational concept for theory and policy. When the monetary revival turned to
monetarism, Chick countered by insisting on the monetary nature of macroeconomic variables, rather than confining money
to a “monetary sector” that was added on to a “real” economy. She developed this approach by showing how
macroeconomic relations were affected by banking evolution, and later rejected the concept of monetary endogeneity based
on central bank operations in inter-bank markets. However, the critical part that she gave to monetary innovation in
Keynes’s macroeconomics is an original but controversial part of her intellectual legacy. Item Type Article Copyright
holders © 2026 The Author(s) Departments LSE DOI 10.1080/01603477.2026.2664429 Date Deposited 22 July 2026 URI
https://researchonline.lse.ac.uk/id/eprint/140320 Explore Further HB Economic TheoryHG Finance E12 - Keynes; Keynesian;
Post-KeynesianE42 - Monetary Systems; Standards; Regimes; Government and the Monetary SystemE52 - Monetary Policy
(Targets, Instruments, and Effects)G21 - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
https://www.webofscience.com/api/gateway?GWVersion=2&SrcApp=lse-pure-import-candidates&SrcAuth=WosAPI&KeyUT=WOS:001818795300001&DestLinkType=FullRecord&DestApp=WOS_CPL
Close picture_as_pdf subject Published Version Creative Commons: Attribution-Noncommercial-No Derivative Works 4.0
Download Download this file Share Share this file EndNote BibTeX Reference Manager (RIS) Refer Atom Dublin Core JSON
Multiline CSV OPENAIRE Export Export this record Downloads View more statistics Contact Us Policies Accessibility
Statement LSE Research Online is powered by EPrints 3.4 and is hosted and managed by CoSector, University of London LSE
Research Online supports OAI 2.0