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The Monetary Theory of Production
Augusto Graziani
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Description for The Monetary Theory of Production
Paperback. 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. Series: Federico Caffe Lectures. Num Pages: 188 pages, black & white illustrations. BIC Classification: KCBM. Category: (P) Professional & Vocational. Dimension: 143 x 216 x 20. Weight in Grams: 266.
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 ... Read more
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 ... Read more
Product Details
Format
Paperback
Publication date
2009
Publisher
Cambridge University Press United Kingdom
Number of pages
188
Condition
New
Series
Federico Caffe Lectures
Number of Pages
188
Place of Publication
Cambridge, United Kingdom
ISBN
9780521104173
SKU
V9780521104173
Shipping Time
Usually ships in 4 to 8 working days
Ref
99-1
About Augusto Graziani
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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