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- 188 pages
- 7 hours of reading
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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.
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The Monetary Theory of Production, Augusto Graziani
- Language
- Released
- 2008
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- (Paperback)
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- Language
- English
- Authors
- Augusto Graziani
- Publisher
- Cambridge University Press
- Released
- 2008
- Format
- Paperback
- Pages
- 188
- ISBN10
- 0521104173
- ISBN13
- 9780521104173
- Series
- Federico Caffè Lectures
- Tags
- Non-Fiction, Social Sciences, Business, Business & Management, Political Science & Politics, Politics, Economics
- Rating
- 4.1 out of 5
- Description
- 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.