Skip to main content Accessibility help
The Monetary Theory of Production
  • Cited by 194
  • Export citation
  • Recommend to librarian
  • Buy the print book

Book description

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.

Refine List

Actions for selected content:

Select all | Deselect all
  • View selected items
  • Export citations
  • Download PDF (zip)
  • Save to Kindle
  • Save to Dropbox
  • Save to Google Drive

Save Search

You can save your searches here and later view and run them again in "My saved searches".

Please provide a title, maximum of 40 characters.


Arestis, Ph. 1997, Money, Pricing, Distribution and Economic Integration, London, Macmillan
Arrow, K. J. and Hahn, F. H. 1971, General Competitive Analysis, Edinburgh, Oliver & Boyd
Barrère, A. 1979, Déséquilibres économiques et contre-révolution keynésienne, Paris, Economica
Barrère, A. (ed.) 1985, Keynes aujourd'hui, Paris, Economica
Barrère, A. 1988a, The Foundations of Keynesian Analysis, London, Macmillan
Barrère, A. 1988b, Money, Credit and Prices in Keynesian Perspective, London, Macmillan
Benetti, C. 1991, ‘Le problème de la valeur de la monnaie: F. Galiani et A. Smith’, in Rosier, M. (ed.), Le marché chez A. Smith, Paris, l'Harmattan, pp. 105–18
Benetti, C. and Cartelier, J. 1990, ‘Monnaie et formation des grandeurs économiquesd’, in Cartelier, J. (ed.), La formation des grandeurs économiques, Paris, Presses Universitaires de France, pp. 323–53
Bernanke, B. S. and Blinder, A. S. 1988, ‘Credit money and aggregate demand’, American Economic Review, 78: 435–9
Berti, L. 1987, ‘Alle origini della teoria monetaria contemporanea. Il contributo di Gunnar Myrdal’, Introduction to the Italian translation of Myrdal 1939: L'equilibrio monetario, Rome, Instituto dell'Enciclopedia Italiana
Berti, L. 1992, ‘Sulla nozione di economia monetaria’, Problemi del socialismo, 1:3–11
Blinder, A. S. and Solow, R. 1974, Economics of Public Finance, Washington, DC, Brookings Institution
Bossone, B. 2001, ‘Circuit theory of banking and finance’, Journal of Banking and Finance, 25: 857–90
Bresciani-Turroni, C. 1936, ‘The theory of saving’, Economica, 3: 1–23, 162–81
Cannan, E. 1921, ‘The meaning of bank deposits’, Economica, 1: 28–36
Cartelier, J. 1996, ‘Payment systems and dynamics in a monetary economy’, in Deleplace and Nell, pp. 200–38
Cartelier, J. 2001, ‘La coordination en déséquilibre. Loi de l'offre et de la demande ou régulation monétaire’, in Cartelier, J. and Frydman, R. (eds.), L'économie hors d'équilibre, Paris, Economica, pp. 151–66
Cencini, A. 1984, Time and the Macroeconomic Analysis of Income, London, Pinter
Cencini, A. and Schmitt, B. 1992, ‘Per la creazione di uno spazio monetario europeo’, in Chopard, R. (ed.), Europa 93, Bellinzona, Meta Edizioni, pp. 99–136
Cesarano, F. 1995, ‘The new monetary economics and the theory of money’, Journal of Economic Behavior and Organization, 26: 445–55
Cesaroni, G. 2001, ‘The finance motive, the Keynesian theory of the rate of interest and the investment multiplier’, European Journal of the History of Economic Thought, 8: 58–74
Chick, V. 1986, ‘The evolution of the banking system and the theory of saving, investment and interest’, Economies et Sociétés, Série Monnaie et Production, 3: 111–26
Chick, V. 1995, ‘Is there a case for post Keynesian economics?’, Scottish Journal of Political Economy, 42, 1: 20–36
Clower, R. W. 1977, ‘The anatomy of monetary theory’, American Economic Review, Papers and Proceedings, 67: 206–12
Clower, R. W. (ed.) 1969, Monetary Theory, Harmondsworth, Penguin
Debreu, G. 1959, Theory of Value, New York, Wiley
De Brunhoff, S. 1976 [1967], Marx on Money, New York, Urizen Books
Deleplace, G. and Nell, E. (eds.) 1996, Money in Motion. The Post-Keynesian and Circulation Approaches, New York, Macmillan
De Vecchi, N. 1993, Entrepreneurs, Institutions and Economic Change. The Economic Thought of J. A. Schumpeter 1905–1925, Aldershot, Edward Elgar
De Viti De Marco, A. 1885, Moneta e prezzi, Città di Castello, Lapi
De Viti De Marco 1990 [1934], La funzione della banca, Turin, Utet
Dillard, D. 1980, ‘A monetary theory of production. Keynes and the institutionalists’, Journal of Economic Issues, 24: 255–73
Eboli, M. 1991, ‘The finance of fixed and working capital. An exercise in stock-flow modelling’, Studi economici, 46: 77–104
Edgeworth, F. Y. 1888, ‘The mathematical theory of banking’, Journal of the Royal Statistical Society, 51: 113–27
Fanno, M. 1992 [1933], La teoria del credito e della circolazione, ed. A. Graziani and R. Realfonzo, Naples, E. S. I
Fanno, M. 1995 [1912], The Money Market, with forewords by A. Graziani and M. Morishima, London, Macmillan
Ferrara, F. 1961 [1856], ‘Della moneta e dei suoi surrogati’, Preface to Biblioteca dell'Economista, vol. 5, now in Opere complete, vol. 5, Rome, Bancaria, 1961, pp. 3–35
Fisher, I. 1896, Appreciation and Interest, Publications of the American Economic Association, vol. 11, no. 4, New York, Macmillan
Fisher, I. 1930, The Theory of Interest, New York, Macmillan
Fisher, I. 1963 [1911], The Purchasing Power of Money, New York, A. M. Kelley
Fontana, G. 2000, ‘Post Keynesians and circuitists on money and uncertainty. An attempt at generality’, Journal of Post Keynesian Economics, 23: 27–48
Fontana, G. 2001, ‘Rethinking endogenous money. A constructive interpretation of the debate between accommodationists and structuralists’, Discussion Paper, University of Leeds, Economics Department, January
Galiani, F. 1780, Della Moneta, Naples, Stamperia Simoniana (1st edn, n.p., 1750)
Giacomin, A. 1994, ‘Power and trade in the economy of the ancien régime’, Jahrbuch für Wirtschaftsgeschichte, 6: 131–54
Godley, W. 1990, ‘Tempo, rendimenti crescenti e istituzioni in macroeconomia’, in Biasco, S., Roncaglia, A. and Salvati, M. (eds.), Istituzioni e mercato nello sviluppo economico. Saggi in onore di P. Sylos Labini, Bari, Laterza, pp. 69 –94
Godley, W. and Cripps, F. 1981, Macroeconomics, London, Fontana
Graziani, A. 1983, ‘Interesse reale e interesse monetario. Storia di una controversia’, Rivista milanese di economia, 6:77–108
Graziani, A. 1984, ‘The debate on Keynes' finance motive’, Economic Notes, 1: 5–32
Graziani A. 1987, ‘Economia Keynesiana e teoria del circuito’, in Gandolfo, G. and Marzano, F. (eds.), Keynesian Theory, Planning Models, and Quantitative Economics, Milan, Giuffré, pp. 57–76
Graziani, A. 1989, The Theory of the Monetary Circuit, London, Thames Papers in Political Economy (also inEconomies et Sociétés, Série Monnaie et Production (1990), 7:7–36
Graziani, A. 1991, ‘La théorie keynésienne de la monnaie et le financement de l'économie’, Economie appliquée, 44, 1: 25–41
Graziani, A. 1994, ‘Real wages and the loans–deposits controversy’, Economie appliquée, 1: 31–46
Graziani, A. 1996, ‘Money as purchasing power and money as a stock of wealth in Keynesian economic thought’, in Deleplace and Nell, pp. 200–38
Graziani, A. 1998, ‘A note on Hayek's macroeconomic equilibrium’, in Michon, F. (ed.), L'économie: une science pour l'homme et la société, Paris, Publications de la Sorbonne, pp. 105– 16
Hagemann, H. and Rühl, C. 1987, ‘N. Johannsen's early analysis of the savings–investment process and the multiplier’, Studi economici, 42: 99–144
Hahn, F. H. 1982, Money and Inflation, Oxford, Blackwell
Hahn, L. A. 1920, Volkswirtschaftliche Theorie des Bankkredits, Tübingen, J. C. B. Mohr
Hahn, L. A. 1954, ‘Intervention’, in Weber, A. (ed.), Bankkredit und Langfristigen Investitionen, Berlin, Duncker & Humblot
Halevi, J. and Taouil, R. 1998, ‘On a post-Keynesian stream from France and Italy. The circuit approach’, University of Sydney, Department of Economics, Working Papers in Economics, no. 98–08
Hansson, B. 1992, ‘Forced saving’, in Newman, P., Milgate, M. and Eatwell, J. (eds.), The New Palgrave Dictionary of Money and Finance, vol. 2, London, Macmillan, pp. 140 –1
Hawtrey, R. 1923, Currency and Credit, London, Longmans, Green & Co.
Hawtrey, R. 1927, The Gold Standard in Theory and Practice, London, Longmans, Green & Co. (5th edn, 1947)
Hawtrey, R. 1931, ‘Credit’, in Encyclopaedia of the Social Sciences, vol. 4, New York, Macmillan, pp. 545–50
Hayek, F. A. 1932, ‘The development of the doctrine of forced saving’, Quarterly Journal of Economics, 47: 123 – 33 (reprinted in Profits, Interest and Investment, London, Routledge & Kegan Paul, 1939, pp. 183–97)
Hayek, F. A. 1933, Monetary Theory and the Trade Cycle, London, Jonathan Cape
Hayek, F. A. 1935, Prices and Production, London, Routledge & Kegan Paul, 2nd edn
Hayek, F. A. 1978, Denationalization of Money, London, Institute of Economic Affairs
Heinsohn, G. and Steiger, O. 1983, ‘Private property, debts and interest, or: The origins of money and the rise and fall of monetary economies’, Studi economici, 38: 3–56
Heinsohn, G. 1996, Eigentum, Zins und Geld. Ungelöste Rätsel der Wirtschaftswissenschaft, Reinbek, Rohwolt (2nd edn, Marburg, 2002)
Heinsohn, G. 2000, ‘The property theory of interest and money’, in Smithin, pp. 67–100
Heinsohn, G. 2001, ‘Property titles as the clue to a successful transformation’, in Verplichtungsökonomik. Eigentum, Freiheit und Haftung in der Geldwirtschaft, Marburg, Metropolis Verlag, pp. 203– 20
Helfferich, K. 1919, Das Geld, 4th edn, Leipzig, C. L. Hirschfeld (1st edn 1903)
Hicks, J. R. 1933, ‘Gleichgewicht und Konjunktur’, Zeitschrift für Nationalökonomie, 4: 441 – 55 (English translation, slightly abridged: ‘Equilibrium and the cycle’, in Hicks, J., Money, Interest, and Wages, Oxford, Blackwell, 1982, pp. 28–41)
Hicks, J. R. 1974, The Crisis in Keynesian Economics, Oxford, Blackwell
Hicks, J. R. 1989, A Market Theory of Money, Oxford, Clarendon Press
Howells, P. 2001, ‘Real balance effects and endogenous money’, paper presented at the Conference on Endogenous Money, Berlin, March
Jannaccone, P. 1946, Moneta e lavoro, Turin, Utet
Kaldor, N. 1956, ‘Alternative theories of distribution’, Review of Economic Studies, 23:83–100 (reprinted in Essays on Value and Distribution, London, Duckworth, 1980, pp. 209 – 36
Kaldor, N. 1985, ‘How monetarism failed’, Challenge, 28: 4–13
Kalecki, M. 1990 [1933], ‘Essay on business cycle theory’, in Kalecki 1990–91, vol. 1, pp. 67–81 (first Polish edition 1933)
Kalecki, M. 1990–91, Collected Works of Michael Kalecki, Oxford, Clarendon Press, 2 vols
Kalecki, M. 1991 [1942], ‘A theory of profits’, Economic Journal, 52: 258–67 (reprinted in Kalecki 1990–91, vol. 2, pp. 151 – 61)
Keynes, J. M. 1971 [1913], Indian Currency and Finance, London, Macmillan
Keynes, J. M. 1971 [1930], A Treatise on Money, London, Macmillan (Collected Writings of J. M. Keynes, vols. 5 and 6, London, Macmillan, 1971)
Keynes, J. M. 1973a [1936], The General Theory of Employment, Interest, and Money, London, Macmillan (Collected Writings of J. M. Keynes, vol. 7, London, Macmillan, 1973)
Keynes, J. M. 1973b [1937], ‘Alternative theories of the rate of interest’, Economic Journal, 64: 241 – 52 Collected Writings of J. M. Keynes, vol. 14, London, Macmillan, 1973, pp. 201–15)
Keynes, J. M. 1973c [1937], ‘The ex-ante theory of the rate of interest’, Economic Journal, 64: 663 –9 (Collected Writings of J. M. Keynes, vol. 14, London, Macmillan, 1973, pp. 215 – 23)
Keynes, J. M. 1973d [1937], ‘The general theory of employment’, Quarterly Journal of Economics, 51: 209 – 23 (Collected Writings of J. M. Keynes, vol. 14, London, Macmillan, 1973, pp. 109 – 23)
Keynes, J. M. 1983 [1914], Review of ‘A. M. Innes, What is Money?’, Economic Journal (Collected Writings of J. M. Keynes, vol. 11, London, Macmillan, 1983, pp. 404 –6)
Knapp, G. F. 1924 [1905], The State Theory of Money, London, Macmillan
Kregel, J. A. 1973, The Reconstruction of Political Economy. An Introduction to Post-Keynesian Economics, London, Macmillan
Kregel, J. A. 1986, ‘Shylock or Hamlet: Are There Bulls and Bears in the Circuit?’, Economies et Sociétés, Série Monnaie et Production, 3: 11–22
Lahn, J. J. O. 1903, Der Kreislauf des Geldes, Berlin, Puttkammer & Mühlbrecht
Lavoie, M. 1987, ‘Monnaie et production. Une synthèse de la théorie du circuit’, Economies et Sociétés, Série Monnaie et Production, 4: 65–102
Lavoie, M. 1992, ‘Jacques Le Bourva's theory of endogeneous credit-money’, Review of Political Economy, 4: 436– 46
Lavoie, M. 1993, Foundations of Post-Keynesian Economic Analysis, Aldershot, Edward Elgar
Lavoie, M. 1996, ‘Monetary policy in an economy with endogenous credit money’, in Deleplace and Nell, pp. 532–45
Bourva, J. 1962, ‘Création de la monnaie et multiplicateur du crédit’, Revue économique, 23: 243–82
Leijonhufvud, A. and Heymann, D. 1991, ‘Money and the price level’, University of Trento, Annali del Dipartimento di Economia. A Supplement to Economia e Banca, 4: 1–37
Lindhal, E. 1930, Penningpolitikens medel, Malmö, Forlagsaktienbolaget (English translation in Lindhal, E., Studies in the Theory of Money and Capital, London, Allen & Unwin, 1939, part II)
Lüken Klassen, M. 1998, ‘Dominanzverhältnisse in der Geldwirtschaft’, in Schelkle, W. and Nitsch, M. (eds.), Rätsel Geld, Marburg, Metropolis Verlag, 2nd edn, pp. 63–76
Lundberg, E. 1937, Studies in the Theory of Economic Expansion, London, King & Sons
Machlup, F. 1932, ‘The liquidity of short-term capital’, Economica, 12: 271–84
Machlup, F. 1943, ‘Forced or induced saving: an exploration into its synonyms and homonyms’, Review of Economics and Statistics, 25: 26–39
Mankiw, N. G. 1992, Macroeconomics, New York, Worth Publishers Inc.
Marget, A. W. 1966 [1938], The Theory of Prices, New York, A. M. Kelley
Marshall, A. 1961 [1920], Principles of Economics, edited by C. W. Guillebaud, London, Macmillan
Marshall, A. 1975 [1870], The Early Economic Writings of A. Marshall, edited by J. K. Whitaker, London, Macmillan
McCallum, B. T. 1985, ‘Bank deregulation, accounting systems of exchange and the unit of account: a critical review’, Carnegie-Rochester Conference Series on Public Policy, 23:13–46
Menger, C. 1892, ‘On the origin of money’, Economic Journal, 2: 239– 55
Messori, M. 1985, ‘Le circuit de la monnaie. Acquis et problèmes non résolus’, in Arena, R. and Graziani, A. (eds.), Production, circulation et monnaie, Paris, Presses Universitaires de France, pp. 120–36
Messori, M. 1988, ‘Agenti e mercati in uno schema periodale’, in Messori, M. (ed.), Moneta e produzione, Turin, Einaudi, pp. 303 – 14
Messori, M. (ed.) 1984, J. A. Schumpeter. Antologia di scritti, Bologna, Il Mulino
Mill, J. S. 1909 [1848], Principles of Political Economy, edited by W. J. Ashley, London, Longmans, Green & Co.
Modigliani, F. and Cohn, R. A. 1979, ‘Inflation, rational valutation and the market’, Financial Analysts Journal, 35: 27–40
Modigliani, F. and Papademos L. 1990, ‘The supply of money and the control of nominal income’, in Friedman, B. M. and Hahn, F. H. (eds.), Handbook of Monetary Economics, Amsterdam, North-Holland, pp. 398–494
Moore, B. J. 1983, ‘Unpacking the post-Keynesian black box: bank lending and the money supply’, Journal of Post-Keynesian Economics, 5: 537–56
Moore, B. J. 1984, ‘Keynes and the endogeneity of the money stock’, Studi economici, 39: 23–70
Myrdal, G. 1939, Monetary Equilibrium, London, W. Hodge
Neisser, H. 1928, Der Tauschwert des Geldes, Jena, G. Fischer Verlag
Neisser, H. 1931, ‘Kreislauf des Geldes’, Weltwirtschaftliches Archiv, 33: 365–408
Neisser, H. 1950 [1934], ‘General overproduction. A study of Say's law of markets’, Journal of Political Economy, 42: 433 – 65 (reprinted abridged in Readings in Business Cycle Theory, American Economic Society, 1950, pp. 385– 404)
Padoa Schioppa, T. 1989, ‘International payment systems: the function begets the organ’, Bank of Italy, Economic Bulletin, 9: 67–74
Palley, T. I. 1997, ‘Endogenous money and the business cycle’, Journal of Economics, 65: 133–49
Pantaleoni, M. 1898, Pure Economics, London, Macmillan (reprinted New York, Kelley & Millman, 1957)
Parguez, A. 1975, Monnaie et macroéconomie, Paris, Economica
Parguez, A. 1981, ‘Ordre social, monnaie, et régulation’, Economie Appliquée, 2–3:383–448
Parguez, A. 1984, ‘La dynamique de la monnaie’, Economies et Sociétés, Série Monnaie et Production, 1: 83–118
Parguez, A. 1985, ‘La Théorie Générale: la révolution inachevée dans la théorie du capital et du revenu’, in Barrère, pp. 257–75
Parguez, A. and Seccareccia, M. 2000, ‘The credit theory of money: the monetary circuit approach’, in Smithin, pp. 101–23
Patinkin, D. 1965, Money, Interest, and Prices, 2nd edn, New York, Harper & Row
Patinkin, D. and Steiger, O. 1989, ‘In search of the veil of money and the neutrality of money’, Scandinavian Journal of Economics, 91: 131–46
Poulon, F. 1982, Macroéconomie approfondie, Paris, Cujas
Realfonzo, R. 1998, Money and Banking. Theory and Debate 1900–1940, Aldershot, Edward Elgar
Riese, H. 1992, ‘Bagehot versus Goodhart. Warum eine Zentralbank Geschäftsbanken braucht’, University of Bremen, Postkeynesianische Forschungsgruppe, working paper no. 22
Riese, H. 1998, ‘Geld: Das letzte Rätsel der Nationalökonomie’, in Schelkle, W. and Nitsch, M. (eds.), Rätsel Geld, Marburg, Metropolis Verlag, 2nd edn
Robertson, D. H. 1926, Banking Policy and the Price Level, London, King & Son
Robertson, D. H. 1928, ‘Theories of banking policy’, Economica (1928): 131–46 (reprinted in Economic Essays and Addresses, London, P. S. King & Son)
Robertson, D. H. 1937, ‘Alternative theories of the rate of interest. Three rejoinders’, Economic Journal, 47: 428–36
Robinson, J. 1956, The Accumulation of Capital, London, Macmillan
Sawyer, M. 1985, ‘Finance, money, and unemployment’, Berlin, International Institute of Management, Discussion Paper no. 11
Schlesinger, K. 1914, Theorie der Geld und Kreditwirtschaft, Munich, Duncker & Humblot (English translation of ch. 3, ‘Basic principles of the money economy’, International Economic Papers, vol. 9, London, Macmillan, 1959, pp. 20– 38)
Schmitt, B. 1972, Macroeconomic Theory, Albeuve, Editions Castella
Schmitt, B. 1975, Théorie unitaire de la monnaie, nationale et internationale, Albeuve, Castella
Schmitt, B. 1984, Inflation, chômage et malformations du capital, Paris, Economica
Schmitt, B. 1996, ‘A new paradigm for the determination of money prices’, in Deleplace and Nell, pp. 104–38
Schmitt B. and Greppi, S. 1996, ‘The national economy studied as a whole’, in Deleplace and Nell, pp. 341–64
Schneider, E. 1962, Money, Income and Employment, London, Allen & Unwin
Schumpeter, J. A. 1934 [1911], The Theory of Economic Development, Cambridge, MA, Harvard University Press (1st German edn, Munich, Duncker & Humblot, 1911)
Schumpeter, J. A. 1939, Business Cycles, New York, McGraw-Hill
Schumpeter, J. A. 1954, History of Economic Analysis, Oxford, Oxford University Press
Schumpeter, J. A. 1970, Das Wesen des Geldes, edited by F. K. Mann, Göttingen, Vandenhoeck & Ruprecht
Screpanti, E. 1993, Capital accumulation and the monetary circuit, Rome, CNR/IDSE
Simiand, F. 1932, Le salaire, Parigi, Alcan
Sismondi, J. Ch. 1810, Du papier monnaie et des moyens de le supprimer, Weimar, Landes-Industrie-Comptoir
Sismondi, J 1991 [1819], New Principles of Political Economy, New Brunswick, NJ, Transaction Publishers
Smith, A. 1993 [1776], An Inquiry into the Nature and Causes of the Wealth of Nations, Oxford, Oxford University Press
Smithin, J. 1994, Controversies in Monetary Economics, Aldershot, Edward 1Elgar
Smithin, J. (ed.) 2000, What is Money?, London, Routledge
Stiglitz, J. 1999, ‘Towards a new paradigm for monetary economics’, Milan, Università Bocconi, Mattioli Lecture Series, mimeo
Studart, R. 1995, Investment Finance in Economic Development, London, Routledge
Sylos Labini, P. 1948, ‘Saggio dell'interesse e reddito sociale’, Rome, Accademia Nazionale dei Lincei, Rendiconti, Series VIII vol. 3, nos. 11–12
Tobin, J. 1963, ‘Commercial banks as creators of money’, in Carson, D. (ed.), Banking and Monetary Studies, Homewood, IL, Irwin, pp. 408 – 19
Tobin, J. 1980, ‘Asset accumulation and economic activity’, Oxford, Blackwell
Tobin, J. 1982a, ‘The commercial banking firm’, Scandinavian Journal of Economics, 84: 495–530
Tobin, J. 1982b, ‘Money and finance in the macroeconomic process’, Journal of Money, Credit, and Banking, 14: 171–204
Tobin, J. 1986, ‘On the welfare macroeconomics of government financial policy’, Scandinavian Journal of Economics, 88: 9–24
Tobin, J. 1992, ‘Money’, in Newman, P., Milgate, M. and Eatwell, J. (eds.), The New Palgrave Dictionary of Money and Finance, vol. 2, London, Macmillan, pp. 770– 9
Thornton, H. 1939 [1811], ‘Two speeches on the Bullion Report’, reprinted as an appendix to Hayek, F. A. (ed.), An Enquiry into the Nature and Effects of the Paper Credit in Great Britain, London, LSE, 1939, pp. 335 – 78
Villieu, P. 1993, ‘Les modèles à encaisses préalables: un renouveau des fondements microéconomiques de la macroéconomie monétaire?’, Revue d'économie politique, 103, 5: 613–94
von Mises, L. 1928, Geldwertstabilisierung und Konjunkturpolitik, Jena, Fischer Verlag
von Mises, L. 1934 [1912], The Theory of Money and Credit, London, Jonathan Cape
Walras, L. 1954 [1926], Elements of Pure Economics, translated by W. Jaffé, London, Allen & Unwin
White, L. H. 1984, ‘Competitive monetary reform: a review essay’, Journal of Monetary Economics, 26: 192–202
Wicksell, K. 1936 [1898], Interest and Prices, London, Macmillan, 1936 (1st German edn, Jena, Fischer Verlag, 1898)
Wray, L. R. 1990, Money and Credit in Capitalist Economies. The Endogenous Money Approach, Aldershot, Edward Elgar
Wray, L. R. 1993, ‘The monetary macroeconomics of D. Dillard’, Journal of Economic Issues, 27: 547–60
Wray, L. R. 1996, ‘Money in the circular flow’, in Deleplace and Nell, pp. 440–64
Wray, L. R. 1998, Understanding Modern Money, Aldershot, Edward Elgar


Altmetric attention score

Full text views

Total number of HTML views: 0
Total number of PDF views: 0 *
Loading metrics...

Book summary page views

Total views: 0 *
Loading metrics...

* Views captured on Cambridge Core between #date#. This data will be updated every 24 hours.

Usage data cannot currently be displayed.