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The Monetary Theory of Production
By:Augusto Graziani
Published on 2003-09-04 by Cambridge University Press

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.
This Book was ranked at 26 by Google Books for keyword Monetary economics.
Book ID of The Monetary Theory of Production's Books is 3oMD5qGtgAkC, Book which was written byAugusto Grazianihave ETAG "TCLKVO6RvmE"
Book which was published by Cambridge University Press since 2003-09-04 have ISBNs, ISBN 13 Code is 9781139438001 and ISBN 10 Code is 113943800X
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