caa a22 4500 388040564 CHVBK 20180307125020.0 cr unu---uuuuu 161130e199803 xx s 000 0 eng 10.1017/S1053837200001590 doi S1053837200001590 pii (NATIONALLICENCE)cambridge-10.1017/S1053837200001590 Rymes Thomas K. Keynes and Anchorless Banking [Elektronische Daten] [Thomas K. Rymes] In The General Theory, John Maynard Keynes broke with the quantity theory of money, not just in working out a monetary theory of production but, as he says, in arguing the case for a monetary theory of value. Keynes writes (CW, 7, pp. xxii-xxiii): A monetary economy, we shall find, is essentially one in which changing views about the future are capable of influencing the quantity of employment and not merely its direction. But our method of analyzing the economic behaviour of the present under the influence of changing ideas about the future is one which depends on the interaction of supply and demand, and is in this way linked up with our fundamental theory of value. We are thus led to a more general theory, which includes the classical theory with which we are familiar, as a special case. Copyright © Cambridge University Press 1998 Journal of the History of Economic Thought Cambridge University Press 20/1(1998-03), 71-82 1053-8372 20:1<71 1998 20 HET https://doi.org/10.1017/S1053837200001590 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1017/S1053837200001590 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Rymes Thomas K. NATIONALLICENCE 773 0- Journal of the History of Economic Thought Cambridge University Press 20/1(1998-03), 71-82 1053-8372 20:1<71 1998 20 HET CC0 http://creativecommons.org/publicdomain/zero/1.0 nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-cambridge