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The Monetary Theory of Production

The Monetary Theory of Production

by Augusto Graziani
Paperback
Publication Date: 19/03/2009

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  $53.95
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.
ISBN:
9780521104173
9780521104173
Category:
Monetary economics
Format:
Paperback
Publication Date:
19-03-2009
Language:
English
Publisher:
Cambridge University Press
Country of origin:
United Kingdom
Pages:
188
Dimensions (mm):
216x140x11mm
Weight:
0.24kg

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