Working Paper No.222
01 January 1998
Money and Taxes
The Chartalist Approach
Senior Scholar L. Randall Wray traces the development of the chartalist approach to money from Adam Smith,
Georg Friedrich Knapp, and John Maynard Keynes to the later theorists, including Hyman Minsky, Abba
Lerner, and Kenneth Boulding, who follow the endogenous money approach.
Associated Programs
- Economic Policy for the 21st Century