The Theory of the Monetary Circuit
Author: Augusto Graziani
Publisher:
Published: 1989
Total Pages: 26
ISBN-13: 9780902169395
DOWNLOAD EBOOK →Author: Augusto Graziani
Publisher:
Published: 1989
Total Pages: 26
ISBN-13: 9780902169395
DOWNLOAD EBOOK →Author: Augusto Graziani
Publisher: Cambridge University Press
Published: 2003-09-04
Total Pages: 190
ISBN-13: 113943800X
DOWNLOAD EBOOK →In mainstream economic theory money functions as an instrument for the circulation of commodities or for keeping a stock of liquid wealth. In neither case is it considered fundamental to the production of goods or the distribution of income. Augusto Graziani challenges traditional theories of monetary production, arguing that a modern economy based on credit cannot be understood without a focus on the administration of credit flows. He argues that market asset configuration depends not upon consumer preferences and available technologies but on how money and credit are managed. A strong exponent of the circulation theory of monetary production, Graziani presents an original and perhaps controversial argument that will stimulate debate on the topic.
Author: L. Randall Wray
Publisher: Springer
Published: 2015-09-22
Total Pages: 322
ISBN-13: 1137539925
DOWNLOAD EBOOK →This second edition explores how money 'works' in the modern economy and synthesises the key principles of Modern Money Theory, exploring macro accounting, currency regimes and exchange rates in both the USA and developing nations.
Author: J. Ponsot
Publisher: Springer
Published: 2009-10-21
Total Pages: 223
ISBN-13: 0230245722
DOWNLOAD EBOOK →This book provides cutting-edge material elaborating on monetary circuit theory and post-Keynesian monetary economics. It contributes to a new approach to monetary analysis, which provides original insights into the complex fields of money, banking, and finance.
Author: Fred Moseley
Publisher: BRILL
Published: 2015-09-29
Total Pages: 433
ISBN-13: 9004301933
DOWNLOAD EBOOK →This ambitious book presents a comprehensive new 'macro-monetary' interpretation of Marx’s logical method in Capital, based on substantial textual evidence, which emphasises two main points: (1) Marx’s theory is primarily a macroeconomic theory of the total surplus-value produced in the economy as a whole; and (2) Marx’s theory is a monetary theory from beginning to end and the circuit of money capital – M - C - M’ – is the logical framework of Marx’s theory. It follows from this 'macro-monetary' interpretation that, contrary to the prevailing view, there is no 'transformation problem' in Marx’s theory; i.e., Marx did not 'fail to transform the inputs of constant capital and variable capital' in his theory of prices of production in Part 2 of Volume III.
Author: Louis-Philippe Rochon
Publisher: Edward Elgar Publishing
Published: 2003-01-01
Total Pages: 652
ISBN-13: 9781781008416
DOWNLOAD EBOOK →'This is a timely book. Being on modern theories of money - essentially the study of traditions of endogenous money - it is a welcome contribution to current thinking on monetary policy. The modern central bank view on money is that the rate of interest should be manipulated by central banks to achieve an inflation target with the money supply being the "residual". Although money is in effect endogenous, there is no theory that explains its behaviour. Modern Theories of Money is a serious attempt to sharpen existing views on the issue and fill gaps in an admirable manner.' - Philip Arestis, University of Cambridge, UK and Levy Economics Institute, US This book unites diverse heterodox traditions in the study of endogenous money - which until now have been confined to their own academic quarters - and explores their similarities and differences from both sides of the Atlantic. Bringing together perspectives from post-Keynesians, Circuitists and the Dijon School, the book continues the tradition of Keynes's and Kalecki's analysis of a monetary production economy, emphasising the similarities between the various approaches, and expanding the analytical breadth of the theory of endogenous money. The authors open new avenues for monetary research in order to fuel a renewed interest in the nature and role of money in capitalist economies, which is, the authors argue, one of the most controversial, and therefore fascinating, areas of economics.
Author: Sergio M. Focardi
Publisher: Routledge
Published: 2018-03-19
Total Pages: 188
ISBN-13: 131539104X
DOWNLOAD EBOOK →By enabling the storage and transfer of purchasing power, money facilitates economic transactions and coordinates economic activity. But what is money? How is it generated? Distributed? How does money acquire value and that value change? How does money impact the economy, society? This book explores money as a system of "tokens" that represent the purchasing power of individual agents. It looks at how money developed from debt/credit relationships, barter and coins into a system of gold-backed currencies and bank credit and on to the present system of fiat money, bank credit, near-money and, more recently, digital currencies. The author successively examines how the money circuit has changed over the last 50 years, a period of stagnant wages, increased household borrowing and growing economic complexity, and argues for a new theory of economies as complex systems, coordinated by a banking and financial system. Money: What It Is, How It’s Created, Who Gets It and Why It Matters will be of interest to students of economics and finance theory and anyone wanting a more complete understanding of monetary theory, economics, money and banking.
Author: Riccardo Realfonzo
Publisher: Edward Elgar Publishing
Published: 1998
Total Pages: 216
ISBN-13:
DOWNLOAD EBOOK →Provides an original interpretation of the debate on banking and the nature of money in Keynes' time from a post-Keynesian point of view. Realfonzo (economics, U. of Naples) traces the pre- history of monetary circuit theory and its challenge to mainstream analysis in the first four decades of the century, contrasting the neoclassical approach with the monetary theory of production. He examines the contributions of both well-known and relatively neglected authors to the debate on the nature of money and function of the banks. Each chapter concludes with extensive notes. Annotation copyrighted by Book News, Inc., Portland, OR
Author: G. Fontana
Publisher: Springer
Published: 2005-04-15
Total Pages: 303
ISBN-13: 0230523072
DOWNLOAD EBOOK →This volume examines the theory of monetary circulation and applies it to several modern issues including unemployment, inflation, distribution and economic policies. It will provide a valuable contribution to the field of monetary economics, and in particular, its development of non-neoclassical approaches to monetary economics.
Author: Alain Parguez
Publisher: Department of Economics, University of Ottawa = Dép. de science économique, Univeristé d'Ottawa
Published: 1999
Total Pages: 30
ISBN-13: 9780889272705
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