The Value of Money / / Prabhat Patnaik.
Why is money more valuable than the paper on which it is printed? Monetarists link the value of money to its supply and demand, believing the latter depends on the total value of the commodities it circulates. According to Prabhat Patnaik, this logic is flawed. In his view, in any nonbarter economy,...
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| Superior document: | Title is part of eBook package: De Gruyter Columbia University Press eBook-Package Backlist 2000-2013 |
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| Place / Publishing House: | New York, NY : : Columbia University Press, , [2009] ©2009 |
| Year of Publication: | 2009 |
| Language: | English |
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| Physical Description: | 1 online resource (280 p.) |
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Table of Contents:
- Frontmatter
- Contents
- Preface
- Introduction
- 1. The Great Divide in Economics
- Part 1. The Infirmity of Monetarism
- 2. The Monetarist Theory
- 3. Equilibrium and Historical Time
- 4. The Modus Operandi of Monetarist Theory
- 5. The Cash Transactions Approach to Monetarism
- 6. An Excursus on Rational-Expectation Equilibria
- 7. An Excursus on Methodological Individualism
- 8. An Excursus on Walrasian Equilibrium and Capitalist Production
- Part 2. The Superiority of Propertyism
- 9. A Critique of Ricardo's Theory of Money
- 10. Marx on the Value of Money
- 11. An Excursus on Marx's Theory of Value
- 12. Marx's Solution to a Dilemma
- 13. Alternative Interpretations of Keynes
- 14. A Digression on a Keynesian Dilemma
- 15. Marx, Keynes, and Propertyism
- Part 3. The Incompleteness of Propertyism
- 16. The Incompleteness of Propertyism
- 17. A Solution to the Incompleteness
- 18. Capitalism as a Mode of Production
- 19. Money in the World Economy
- 20. Capitalism and Imperialism
- Notes
- Bibliography
- Index