On the nature and role of financial systems in Keynes’s entrepreneurial economies

@article{Carvalho2016OnTN,
  title={On the nature and role of financial systems in Keynes’s entrepreneurial economies},
  author={Fernando J. Cardim de Carvalho},
  journal={Journal of Post Keynesian Economics},
  year={2016},
  volume={39},
  pages={287-307}
}
  • F. J. C. Carvalho
  • Published 17 November 2016
  • Economics
  • Journal of Post Keynesian Economics
ABSTRACTIn his debate with Bertil Ohlin, Keynes observed that entrepreneurs, when deciding to invest, have to be sure they will access the amount of finance necessary to initiate the investment process and that they will be able, when the time comes, to fund their debts in ways that are adequate to the profile of assets they are purchasing. In this statement, Keynes outlines the functions of financial systems in Entrepreneurial Economies, the type of economies he hypothesizes we live in. In… 
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