Career
He has been the most vocal proponent of this theory, and is considered a central figure in post Keynesian economics Moore had a distinguished academic career at Wesleyan University in Middletown, Connecticut and is professor emeritus at the University. 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." Moore emphasizes the mechanics of cr creation, particularly lines of cr extended by banks to large corporations on the money supply. He argues that the ability of commercial banks to extend cr is limited only by demand for money by creditworthy borrowers, as central banks are compelled to act to ensure there is always a sufficient supply of money for demand to be met (at their target interest rate).
Moore contrasted his own "horizontalist" view of the money supply, shared by some post-Keynesian economists, with a more mainstream "structuralist" view of the economy, in which the quantity of money is supplyconstrained.
35(3), pp. 65(5), pp.