Basil Moore

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Basil Moore
Nationality Canada
School or tradition
Post-Keynesian economics
Influenced Steve Keen
Contributions Endogenous money theory
Information at IDEAS / RePEc

Basil J. Moore is a Canadian Post-Keynesian economist, most known for developing and promoting endogenous money theory, particularly the proposition that the money supply curve is horizontal, rather than upward sloping, a proposition known as horizontalism. He has been the most vocal proponent of this theory.[1]

Moore had a distinguished academic career at Wesleyan University in Middletown, Connecticut and is professor emeritus at the University.[2] During his long tenure there, he maintained an association with the University of Stellenbosch in South Africa, "where he is now Professor Extraordinary of Economics."[3][4]


Moore emphasizes the mechanics of credit creation, particularly lines of credit extended by banks to large corporations.

Selected bibliography[edit]

  • Horizontalists and Verticalists: The Macroeconomics of Credit Money, 1988, ISBN 978-0-521-35079-2
  • The Endogeneity of Money: A Comment, Scottish Journal of Political Economy, Scottish Economic Society, vol. 35(3), pp. 291–94, August, 1988.
  • Inflation and financial deepening, Journal of Development Economics, Elsevier, vol. 20(1), pp. 125–133, 1986.
  • Equities, Capital Gains, and the Role of Finance in Accumulation, American Economic Review, American Economic Association, vol. 65(5), pp. 872–86, December, 1975.
  • The Pasinetti Paradox Revisited, Review of Economic Studies, Wiley Blackwell, vol. 41(2), pp. 297-99, April, 1974.
  • Some Macroeconomic Consequences of Corporate Equities, Canadian Journal of Economics, Canadian Economics Association, vol. 6(4), pp. 529–44, November, 1973.
  • Optimal Monetary Policy, Economic Journal, Royal Economic Society, vol. 82(325), pp. 116–39, March, 1972.
  • Asset Management and Monetary Policy: Discussion, Journal of Finance, American Finance Association, vol. 24(2), pp. 242–44, May, 1969.


  1. ^ A history of post Keynesian economics since 1936, by J. E. King, Edward Elgar Publishing, 2003, p. 175.
  2. ^ The Macroeconomics of Credit Money
  3. ^ Complexity, Endogenous Money And Macroeconomic Theory: Essays in Honour Of Basil J. Moore by Mark Setterfield, (ed.), Edward Elgar Publishing, 2006, p.1.
  4. ^ Economics – Wesleyan University

External links[edit]