The Monetary Theory of Production

by Augusto Graziani

Book Overview

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...

• Format: Paperback
• Language: English
• ISBN: 0521104173
• ISBN13: 9780521104173
• Release Date: March 2009
• Publisher: Cambridge University Press
• Length: 188 Pages
• Weight: 0.55 lbs.
• Dimensions: 0.4" x 5.5" x 8.5"