The Monetary Theory of Production (Paperback)

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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 flow. Money functions as an instrument for the circulation of commodities or for keeping a stock of liquid wealth in mainstream economic theory. In neither case is it considered fundamental to the production of goods or the distribution of income. A strong exponent of the circulation theory of monetary production, Graziani presents an original and perhaps controversial argument which will stimulate debate.
Product Details
ISBN: 9780521104173
ISBN-10: 0521104173
Publisher: Cambridge University Press
Publication Date: March 19th, 2009
Pages: 188
Language: English
Series: Federico Caffe Lectures