Description: 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 presents an original and perhaps controversial argument that will stimulate debate on the topic.
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EAN: 9780521104173
UPC: 9780521104173
ISBN: 9780521104173
MPN: N/A
Item Length: 21.6 cm
Book Title: The Monetary Theory of Production
Item Height: 216mm
Item Width: 140mm
Author: Augusto Graziani
Format: Paperback
Language: English
Topic: Economics
Publisher: Cambridge University Press
Publication Year: 2009
Type: Textbook
Item Weight: 240g
Number of Pages: 188 Pages
