The Monetary Theory of Production

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.

Author: Augusto Graziani
Publisher: Cambridge University Press
Published: 03/19/2009
Pages: 188
Binding Type: Paperback
Weight: 0.54lbs
Size: 8.50h x 5.50w x 0.43d
ISBN: 9780521104173

About the Author
Graziani, Augusto: - Augusto Graziani is Professor of Economics in the University of Rome La Sapienza. He is the author of Teoria Economica (4th edition, 2002).

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