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The Value of Money
Prabhat Patnaik
€ 65.35
€ 51.34
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Description for The Value of Money
Hardback. Num Pages: 280 pages, Illustrations. BIC Classification: KCBM. Category: (UF) Further/Higher Education. Dimension: 163 x 237 x 25. Weight in Grams: 562.
Why is money more valuable than the paper on which it is printed? Monetarists link the value of money to its supply and demand, believing the latter depends on the total value of the commodities it circulates. According to Prabhat Patnaik, this logic is flawed. In his view, in any nonbarter economy, the value we assign to money is determined independently of its supply and demand. Through an original and provocative critique of monetarism, Patnaik advances a revolutionary understanding of macroeconomics that highlights the "propertyist" position of Karl Marx and John Maynard Keynes. Unlike the usual division between "classical" ... Read more
Why is money more valuable than the paper on which it is printed? Monetarists link the value of money to its supply and demand, believing the latter depends on the total value of the commodities it circulates. According to Prabhat Patnaik, this logic is flawed. In his view, in any nonbarter economy, the value we assign to money is determined independently of its supply and demand. Through an original and provocative critique of monetarism, Patnaik advances a revolutionary understanding of macroeconomics that highlights the "propertyist" position of Karl Marx and John Maynard Keynes. Unlike the usual division between "classical" ... Read more
Product Details
Format
Hardback
Publication date
2009
Publisher
Columbia University Press United States
Number of pages
280
Condition
New
Number of Pages
280
Place of Publication
New York, United States
ISBN
9780231146760
SKU
V9780231146760
Shipping Time
Usually ships in 7 to 11 working days
Ref
99-1
About Prabhat Patnaik
Prabhat Patnaik, a well-known radical economist, holds the Sukhamoy Chakravarty Chair at the Jawaharlal Nehru University, New Delhi. He has written extensively on macroeconomics, development economics, and political economy. His books include Accumulation and Stability Under Capitalism and The Retreat to Unfreedom.
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