Consistency and stability analysis of models of a monetary growth imperative
Open accessThe claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Integrity signals
Registry
Cites
Statistics
Claims the paper makes
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Claims other papers make about this one
Each is checked against this paper’s own text: does it say what the citing paper says it does?
There is no consensus in the literature regarding the capacity of alternative currencies or monetary plurality to stabilize the economy.
“There is no consensus in the literature regarding the capacity of ACs or a ' monetary plurality ' to stabilize the economy (Richters and Siemoneit 2017; Larue 2020b).”
From The Ethics of Alternative Currencies (2022) · cites this paper as Richters and Siemoneit 2017
The Results and Conclusions section discusses whether interest-bearing credit money creates a growth imperative, not whether alternative currencies stabilize the economy. Searches for “alternative currencies,” “monetary plurality,” and related stabilization terms found no passage addressing the claimed lack of consensus; page numbers were not available in our copy. (LLM, conf=0.74)
Experimental — accuracy not yet measured
Self-check
Percentages, sums and reported differences re-computed from the paper’s own numbers.
The self-check needs the paper’s full text.
The citation lists haven’t been fetched yet
References 67 · Cited by 58
Research works printed but not linked: 50
- Abraham, Ralph H., Laura Gardini, and Christian Mira (1997). Chaos in Discrete Dynamical Systems. New York, NY: Springer.
- Admati, Anat and Martin Hellwig (2013). The bankers' new clothes: what's wrong with banking and what to do about it. Princeton, N.J.: Princeton University Press.
- Beltrani, Guido (1999). "Monetäre Aspekte des Wirtschaftswachstums". PhD thesis. St. Gallen: Universität St. Gallen.
- Berg, Matthew, Brian Hartley, and Oliver Richters (2015). "A stock- flow consistent input-output model with applications to energy price shocks, interest rates, and heat emissions". In: New Journal of Physics 17.1, p. 015011.
- Biervert, Bernd and Martin Held (1996). "Money matters -Überlegun- gen zum Zusammenhang von Geld, Wachstum und Natur". In: Die Dynamik des Geldes : über den Zusammenhang von Geld, Wachstum und Natur. Ed. by Bernd Biervert and Martin Held. Frankfurt/M.: Campus, pp. 7-28.
- -(1996). "Geld und Wachstumszwang". In: Die Dynamik des Geldes : über den Zusammenhang von Geld, Wachstum und Natur. Ed. by Bernd Biervert and Martin Held. Frankfurt/M.: Campus, pp. 113- 127.
- -(2013). The growth spiral: money, energy, and imagination in the dynamics of the market process. Berlin; New York: Springer.
- Binswanger, Hans Christoph and Guido Beltrani (2009). "Die Vermei- dung von Verlusten als Wachstumszwang". In: Die Wachstumsspirale: Geld, Energie und Imagination in der Dynamik des Marktprozesses. Marburg: Metropolis, pp. 327-348.
- -(2013). "The Avoidance of Losses as the Growth Imperative". In: The growth spiral: money, energy, and imagination in the dynamics of the market process. Berlin; New York: Springer, pp. 129-146.
- Binswanger, Mathias (2009). "Is there a growth imperative in capitalist economies? a circular flow perspective". In: Journal of Post Keyne- sian Economics 31.4, pp. 707-727.
- -(2015). "The growth imperative revisited: a rejoinder to Gilányi and Johnson". In: Journal of Post Keynesian Economics 37.4, pp. 648- 660.
- Cahen-Fourot, Louison and Marc Lavoie (2016). "Ecological monetary economics: A post-Keynesian critique". In: Ecological Economics 126, pp. 163-168.
- Caverzasi, Eugenio and Antoine Godin (2015). "Post-Keynesian stock- flow-consistent modelling: a survey". In: Cambridge Journal of Eco- nomics 39.1, pp. 157-187.
- Cooper, Daniel and Karen Dynan (2016). "Wealth Effects and Macroe- conomic Dynamics". In: Journal of Economic Surveys 30.1, pp. 34- 55.
- D'Alisa, Giacomo, Federico Demaria, and Giorgos Kallis, eds. (2014). Degrowth: a vocabulary for a new era. Abingdon, Oxon ; New York, NY: Routledge.
- Daly, Herman E. (1985). "The Circular Flow of Exchange Value and the Linear Throughput of Matter-Energy: A Case of Misplaced Con- creteness". In: Review of Social Economy 43.3, pp. 279-297.
- Dittmer, Kristofer (2015). "100 percent reserve banking: A critical re- view of green perspectives". In: Ecological Economics 109, pp. 9- 16.
- Farley, Joshua C. et al. (2013). "Monetary and Fiscal Policies for a Finite Planet". In: Sustainability 5.6, pp. 2802-2826.
- Fontana, Giuseppe and Riccardo Realfonzo, eds. (2005). The Monetary Theory of Production. Basingstoke: Palgrave Macmillan.
- Fontana, Giuseppe and Malcolm Sawyer (2016). "Towards post- Keynesian ecological macroeconomics". In: Ecological Economics 121, pp. 186-195.
- Gilányi, Zsolt (2015). "A brief note on Mathias Binswanger's model". In: Journal of Post Keynesian Economics 37.4, pp. 590-596.
- Glötzl, Erhard (1999). "Das Wechselfieber der Volkswirtschaften : Anamnese, Diagnose, Therapie". In: Zeitschrift für Sozialökonomie 36, pp. 9-15.
- -(2009). "Über die langfristige Entwicklung von Schulden und Einkommen". In: Die Finanzkrise als Chance. Ed. by Franz Hörmann and Herbert R. Haeseler. Orac Wirtschaftspraxis. Wien: LexisNexis, pp. 115-142.
- Godley, Wynne and Marc Lavoie (2012). Monetary economics: an in- tegrated approach to credit, money, income, production and wealth. 2nd ed. Basingstoke; New York: Palgrave Macmillan.
- Gordon, Myron J. and Jeffrey S. Rosenthal (2003). "Capitalism's growth imperative". In: Cambridge Journal of Economics 27.1, pp. 25-48.
- -(1994). "Monetary Circuit". In: The Elgar companion to radical political economy. Ed. by Philip Arestis and Malcolm C. Sawyer. Aldershot, Hants, England ; Brookfield, Vt., USA: Elgar, pp. 274- 278.
- -(2003). The Monetary Theory of Production. Cambridge, U.K.: Cam- bridge University Press.
- Hartwig, Jochen (2014). "Testing the Bhaduri-Marglin model with OECD panel data". In: International Review of Applied Economics 28.4, pp. 419-435.
- Holmes, Alan R. (1969). "Operational constraints on the stabilization of money supply". In: Controlling Monetary Aggregates. Ed. by Frank E. Morris. Boston, MA: The Federal Reserve Bank of Boston, pp. 65- 77.
- Jackson, Tim, Ben Drake, et al. (2014). Foundations for an Ecological Macroeconomics: literature review and model development. WWW- forEurope Working Paper 65.
- Jackson, Tim and Peter A. Victor (2015). "Does credit create a 'growth imperative'? A quasi-stationary economy with interest-bearing debt". In: Ecological Economics 120, pp. 32-48.
- Johnson, Reeves (2015). "Capitalism's growth imperative: an exami- nation of Binswanger and Gilányi". In: Journal of Post Keynesian Economics 37.4, pp. 597-622.
- -(1973). "A monetary theory of production". In: The Collected Writ- ings of John Maynard Keynes. Vol. 13. London: Macmillan, pp. 408- 411.
- Klär, Erik and Jiri Slacalek (2006). "Entwicklung der Sparquote in Deutschland: Hindernis für die Erholung der Konsumnachfrage". In: DIW Wochenbericht 73.40, pp. 537-543.
- Kronenberg, Tobias (2010). "Finding common ground between eco- logical economics and post-Keynesian economics". In: Ecological Economics 69.7, pp. 1488-1494.
- Kuznetsov, Yuri A. (2004). Elements of Applied Bifurcation Theory. Vol. 112. Applied Mathematical Sciences. New York, NY: Springer New York.
- Lietaer, Bernard et al. (2012). Money and Sustainability: The Missing Link. Axminster: Triarchy Press.
- McLeay, Michael, Amar Radia, and Ryland Thomas (2014). "Money creation in the modern economy". In: Bank of England Quarterly Bulletin Q1, pp. 14-27. OECD (2015a). National Accounts at a Glance 2015. National Accounts at a Glance. OECD Publishing.
- Paul, Axel T. (2012). Die Gesellschaft des Geldes: Entwurf einer mon- etären Theorie der Moderne. Wiesbaden: Springer VS.
- Rezai, Armon and Sigrid Stagl (2016). "Ecological macroeconomics: Introduction and review". In: Ecological Economics 121, pp. 181- 185.
- Richters, Oliver (2015). Integrating Energy Use into Macroeconomic Stock-Flow Consistent Models. Master Thesis. Oldenburg: Carl von Ossietzky University.
- Rochon, Louis-Philippe (2005). "The Existence of Monetary Profits within the Monetary Circuit". In: The Monetary Theory of Produc- tion. Ed. by Giuseppe Fontana and Riccardo Realfonzo. Basingstoke: Palgrave Macmillan, pp. 125-138.
- Rochon, Louis-Philippe and Sergio Rossi (2013). "Endogenous money: the evolutionary versus revolutionary views". In: Review of Keynesian Economics 1.2, pp. 210-229.
- Rockström, Johan et al. (2009). "A safe operating space for humanity". In: Nature 461.7263, pp. 472-475.
- Rosenbaum, Eckehard (2015). "Zero growth and structural change in a post Keynesian growth model". In: Journal of Post Keynesian Economics 37.4, pp. 623-647.
- Schmelzer, Matthias (2015). "The growth paradigm: History, hegemony, and the contested making of economic growthmanship". In: Ecologi- cal Economics 118, pp. 262-271.
- Slacalek, Jiri (2009). "What drives personal consumption? The role of housing and financial wealth". In: The BE Journal of Macroeco- nomics 9.1. Steffen, Will et al. (2015). "Planetary boundaries: Guiding human devel- opment on a changing planet". In: Science 347.6223, p. 1259855.
- Stoll, Steven (2008). "Fear of Fallowing: The specter of a no-growth world". In: Harpers, pp. 88-94.
- Trautwein, Hans-Michael (2000). "The credit view, old and new". In: Journal of Economic Surveys 14.2, pp. 155-190.
- Dimitri B. Papadimitriou and Gennaro Zezza. Levy Institute Ad- vanced Research in Economic Policy. Basingstoke: Palgrave Macmil- lan UK, pp. 154-172.
- Authors
- Richters, O., & Siemoneit, A.
- Affiliations
- Carl von Ossietzky Universität Oldenburg (DE)
- Corresponding author
- Richters, Oliver
- Venue
- Ecological Economics
- Publisher
- Elsevier BV
- Published
- 2017-06
- Volume
- 136
- Pages
- 114-125
- ISSN
- 0921-8009 (ISSN-L)
- OpenAlex
- W2513449104
- Cited by
- 58
- References
- 67
- Citations by year
- 2026: 8 · 2025: 5 · 2024: 6 · 2023: 6 · 2022: 6 · 2021: 7 · 2020: 6 · 2019: 6 · 2018: 5 · 2017: 2 · 2016: 1
- FWCI
- 11.32
- Type
- journal article
- Language
- en
- Open access
- green
- hdl.handle.net
- Licence
- Locations
- Ecological Economics (publishedVersion)
- RePEc: Research Papers in Economics (submittedVersion)
- Econstor (Econstor) (submittedVersion, cc-by-nc-nd)
- Funders
- German Society for Ecological Economics
- Sustainable Money Research Group
- Topics
- Social Sciences › Economics, Econometrics and Finance › General Economics, Econometrics and Finance › Economic Theory and Policy
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Economic theories and models
- Social Sciences › Sociology and Political Science › Political Economy and Marxism
- Keywords
- growth imperative, compound interest, monetary system, economic stability, stationary states, private banks, bank equity capital, sustainability, economic growth
About these checks
Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.
What counts as a claim ›How we measure confidence ›How we check this ›
Are you an author, or do you see a problem with this page? Request a review