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Routledge Money and Capital: Marxian Monetary Theory & Post-Capitalism

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Description

This rigorous examination renews Marxian theory of the general equivalent by exposing the fundamental contradiction between money's social functions-unit of account and means of circulation-and its private functions as a store of value and vehicle for accumulation. The book establishes a critical distinction between the monetary base and the commodity base of money, clarifying persistent confusions between money and credit, and between money and capital that plague heterodox monetary theories. By examining monetary constraints on banking systems under inconvertible fiat money regimes, this Routledge Frontiers of Political Economy volume offers essential insights into contemporary financial architecture and post-capitalist economic possibilities.

Key Features

Renews Marxian theory of the general equivalent by analysing contradictions between social and private functions of money.

Distinguishes clearly between monetary base and commodity base of money to avoid theoretical confusion in heterodox economics.

Clarifies the relationship between money and credit, and between money and capital in contemporary monetary systems.

Examines monetary constraints affecting banking systems operating under inconvertible fiat money arrangements.

Published by Routledge as part of the Frontiers of Political Economy series for advanced theoretical study.

Product Specifications

Format
hardcover
Domain
Amazon UK
Release Date
30 December 2022
Listed Since
03 August 2022

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