An Alternative Circuitist View For Southeastern Europe

Nicholas Potts

    Research output: Contribution to journalArticlepeer-review


    Abstract: Our paper seeks to introduce the reader to Circuitist monetary theory. Circuitist theory adopts a very different methodological approach to monetary questions than mainstream monetary theory, and arrives at very different policy conclusions. Circuitist analysis predicts that Southeastern Europe|s movement to a much more free-market based financial system and macroeconomic policy is only likely to hamper growth in the long run. Our paper first summarises the Circuitist approach. We then consider work by Parguez in particular on the danger of free-market policy inspired thriftiness, by firms, the financial sector, the Central Bank and households, adversely effecting economic activity.
    Original languageEnglish
    Pages (from-to)3-13
    Number of pages11
    JournalInternational Journal of Financial Services Management
    Issue number1/2
    Publication statusPublished - 2007


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