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  • 标题:Money, income, and profit: lessons from the monetary theory of production
  • 本地全文:下载
  • 作者:Andrea Carrera ; Sergio Rossi
  • 期刊名称:Iberian Journal of the History of Economic Thought
  • 印刷版ISSN:2386-5768
  • 出版年度:2015
  • 卷号:2
  • 期号:1
  • 页码:48-60
  • DOI:10.5209/rev_IJHE.2015.v2.n1.49773
  • 语种:Spanish
  • 出版社:Iberian Journal of the History of Economic Thought
  • 摘要:In this paper we analyze Augusto Graziani’s numerous contributions to the monetary theory of production, which he developed from a theoretical but also a policy-oriented perspective. We focus on the rejection of the neoclassical dichotomy, the causal relation between production and money creation, and the definition of macroeconomic saving. These three dimensions of Graziani’s work can be identified in the framework of the monetary circuit, in the tradition of classical and Marxian economic thought. The outcome of Graziani’s investigations sheds light on the working of a monetary economy of production from the issuance of bank money to the distribution of income and capital accumulation.
  • 其他摘要:In this paper we analyze Augusto Graziani’s numerous contributions to the monetary theory of production, which he developed from a theoretical but also a policy-oriented perspective. We focus on the rejection of the neoclassical dichotomy, the causal relation between production and money creation, and the definition of macroeconomic saving. These three dimensions of Graziani’s work can be identified in the framework of the monetary circuit, in the tradition of classical and Marxian economic thought. The outcome of Graziani’s investigations sheds light on the working of a monetary economy of production from the issuance of bank money to the distribution of income and capital accumulation.
  • 关键词:Keynesian theories;theories of the monetary circuit;investment
  • 其他关键词:Keynesian theories;theories of the monetary circuit;investment
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