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"item_title" : "The Monetary Theory of Production",
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"item_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.",
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The Monetary Theory of Production
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Overview
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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Details
- ISBN-13: 9780521812115
- ISBN-10: 0521812119
- Publisher: Cambridge University Press
- Publish Date: September 2003
- Dimensions: 8.78 x 5.66 x 0.64 inches
- Shipping Weight: 0.82 pounds
- Page Count: 188
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