Money View Reading Group: Mehrling’s 1987 PhD dissertation, Part 2: The Credit Theory of Money: An Illustration

Mon 23 Nov · Online

Hosted by Young Scholars Initiative (INET)

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2026-11-23 — 2:00pm EST We discuss Mehrling’s 1987 PhD dissertation, Part 2: The Credit Theory of Money: An Illustration. I. Agents Firms Workers Government II. Markets Goods Financial Assets III. The Firm’s Problem Consol Holding Money Holding Inventories Bankruptcy IV. Momentary Equilibrium A. Comparative Statics B. Government Policy V. An Ergodic Financial Distribution Government Policy Comparative Statics VI. Discussion Comparison with Finance Constraint Models VII. Mathematical Appendix A. The Firm’s Problem B. An Ergodic Financial Distribution

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