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: 09/04/2003
Pages: 188
Binding Type: Hardcover
Weight: 0.82lbs
Size: 8.78h x 5.66w x 0.64d
ISBN: 9780521812115

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).

This title is not returnable