Basil 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

Horizontalism

Horizontalism is an approach to money creation theory pioneered by Basil Moore which states that private bank reserves are not managed by central banks. Instead reserves will be provided on demand at the bank rate set by the central bank...

. He has been the most vocal proponent of this theory.

Moore had a distinguished academic career at Wesleyan University

Wesleyan University

Wesleyan University is a private liberal arts college founded in 1831 and located in Middletown, Connecticut. According to the Carnegie Foundation for the Advancement of Teaching, Wesleyan is the only Baccalaureate College in the nation that emphasizes undergraduate instruction in the arts and...

 in Middletown, Connecticut

Middletown, Connecticut

Middletown is a city located in Middlesex County, Connecticut, along the Connecticut River, in the central part of the state, 16 miles south of Hartford. In 1650, it was incorporated as a town under its original Indian name, Mattabeseck. It received its present name in 1653. In 1784, the central...

 and is professor emeritus at the University. During his long tenure there, he maintained an association with the University of Stellenbosch in South Africa

South Africa

The Republic of South Africa is a country in southern Africa. Located at the southern tip of Africa, it is divided into nine provinces, with of coastline on the Atlantic and Indian oceans...

, "where he is now Professor Extraordinary of Economics."

Theory

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

External links

• Basil Moore – homepage at Stellenbosch University
  Stellenbosch University
  Stellenbosch University is a public research university situated in the town of Stellenbosch, South Africa. Other nearby universities are the University of Cape Town and University of the Western Cape....
  
  

External links

• Debates in endogenous money: Basil Moore & Sheila Dow, by Steve Keen
  Steve Keen
  Steve Keen is a Professor in economics and finance at the University of Western Sydney. He classes himself as a post-Keynesian, criticizing both modern neoclassical economics and Marxian economics as inconsistent, unscientific and empirically unsupported...