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The monetary theory of production /

Record Type:	Language materials, printed : Monograph/item
Title/Author:	The monetary theory of production // Augusto Graziani.
Author:	Graziani, Augusto,
Description:	1 online resource (ix, 176 pages) :digital, PDF file(s). :
Notes:	Title from publisher's bibliographic system (viewed on 05 Oct 2015).
Subject:	Money. -
Online resource:	https://doi.org/10.1017/CBO9780511493546
ISBN:	9780511493546 (ebook)

The monetary theory of production /
Graziani, Augusto,

The monetary theory of production /Augusto Graziani. - 1 online resource (ix, 176 pages) :digital, PDF file(s). - Federico Caffe` lectures. - Federico Caffe` lectures..

Title from publisher's bibliographic system (viewed on 05 Oct 2015).

1. Introduction -- 2. Neoclassical monetary theory -- 3. A monetary economy -- 4. The creation of bank money -- 5. The distribution of income -- 6. The role of financial markets -- 7. Real and monetary interest.

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: 9780511493546 (ebook)Subjects--Topical Terms:

556376
Money.

LC Class. No.: HG220.A2 / G665 2003

Dewey Class. No.: 332.4/01

The monetary theory of production /
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505 0 $a 1. Introduction -- 2. Neoclassical monetary theory -- 3. A monetary economy -- 4. The creation of bank money -- 5. The distribution of income -- 6. The role of financial markets -- 7. Real and monetary interest.
520 $a 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.
650 0 $a Money. $3 556376
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