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The Monetary Theory of Production (Federico Caff¨¨ Lectures)

Posted on 2010-04-13




Name:The Monetary Theory of Production (Federico Caff¨¨ Lectures)
ASIN/ISBN:0521812119
Author:Augusto Graziani
Publisher:Cambridge University Press (2003)
Language:English
Pages:Hardcover, 188 pages
File size:1.2 Mb
   The Monetary Theory of Production (Federico Caff¨¨ Lectures)

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Author: Augusto Graziani


Publisher: Cambridge University Press (2003)


Binding: Hardcover, 188 pages


pricer: $95.00


ISBN-10: 0521812119


editorialreviews

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.




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