The Monetary Theory of Production

By:

Augusto Graziani

Format:

Paperback / softback

Series:

Federico Caffe Lectures

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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.

Author Biography:

Augusto Graziani is Professor of Economics in the University of Rome La Sapienza. He is the author of Teoria Economica (4th edition, 2002).

Release date NZ

March 19th, 2009

Author

Augusto Graziani

Audience

Professional & Vocational

Illustrations

Worked examples or Exercises

Pages

188

Series

Federico Caffe Lectures

Dimensions

140x216x11

ISBN-13

9780521104173

Product ID

2816876

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