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Item Details
Title: THE MONETARY THEORY OF PRODUCTION
By: Augusto Graziani
Format: Electronic book text

List price: £85.00


We currently do not stock this item, please contact the publisher directly for further information.

ISBN 10: 0511493541
ISBN 13: 9780511493546
Publisher: CAMBRIDGE UNIVERSITY PRESS
Pub. date: 3 July, 2009
Series: Federico Caffe Lectures
Description: 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.
Synopsis: 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.
Publication: UK
Imprint: Cambridge University Press (Virtual Publishing)
Returns: Non-returnable
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