The Monetary Theory of Production(ISBN=9780521812115) pdf snb 115盘 kindle 在线 下载 pmlz mobi

　　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.

1. Introduction

2. Neoclassical monetary theory

3. A monetary economy

4. The creation of bank money

5. The distribution of income

6. The role of financial markets

7. Real and monetary interest

8. Implications for monetary policy

9. Concluding remarks

References

Index.

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书籍介绍

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.