The Monetary Theory of Production

作者：  Augusto Graziani　著

出版社：Cambridge University Press 2012年1月

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.