The Monetary Theory of Production
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ISBN：9780521812115
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简介
In mainstream economic theory money functions as an instrumentfor the circulation of commodities or for keeping a stock of liquidwealth. In neither case is it considered fundamental to theproduction of goods or the distribution of income. Augusto Grazianichallenges traditional theories of monetary production, arguingthat a modern economy based on credit cannot be understood withouta focus on the administration of credit flows. He argues thatmarket asset configuration depends not upon consumer preferencesand 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 argumentthat will stimulate debate on the topic.
目录
1. Introduction
2. Neoclassical monetary theory
3. A monetary economy
4. The creation of bank money
5. The distribution of income
6. The role of financial markets
7. Real and monetary interest
8. Implications for monetary policy
9. Concluding remarks
References
Index.
The Monetary Theory of Production
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