Horizontalists and Verticalists: The Macroeconomics of Credit Money

This anniversary edition of Basil Moore’s classic work features the original text along with an extensive new introduction and foreword. Providing much of the theoretical foundation on which post-Keynesian endogenous money and Modern Monetary Theory were subsequently developed.

Basil Moore was a leading Post-Keynesian economist, and a main advocate of the Horizontalist view of endogenous money. Born in Canada, Moore pursued his studies at the University of Toronto as well as at Johns Hopkins University. In 1958, Moore started a long and distinguished career, first as a member of the faculty at Wesleyan University, and then, starting in 1993, he joined the University of Stellenbosch, in South Africa, until he passed away, in 2018.

Edited by:

Louis-Philippe Rochon is Full Professor of Economics at Laurentian University, Canada, where he has been teaching since 2004.

Marc Lavoie is professor emeritus at both the University of Ottawa and the University of Sorbonne Paris Nord (Paris 13).