The Monetary Theory of Production (Federico Caffè Lectures)
| Author | : | |
| Rating | : | 4.27 (910 Votes) |
| Asin | : | 0521104173 |
| Format Type | : | paperback |
| Number of Pages | : | 188 Pages |
| Publish Date | : | 2015-09-13 |
| Language | : | English |
DESCRIPTION:
. About the Author Augusto Graziani is Professor of Economics in the University of Rome La Sapienza. He is the author of Teoria Economica (4th edition, 2002)
Augusto Graziani is Professor of Economics in the University of Rome La Sapienza. . He is the author of Teoria Economica (4th edition, 2002)
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.. Money functions as an instrument for the circulation of commodities or for keeping a stock of liquid wealth in mainstream economic theory. 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
Tough read - its got me wandering around in circles If circuits and spark plugs are your type of thing, you will probably have more chance of understanding this book than if your specialty is monetary policy (not that mine is). It requires a very careful read and a very heavy investment in time to get the most out of this book, but I believe it will be worth it when I (eventually) get to the end. Or is it just the beginning?