Marx's Theory of Money: Modern Appraisals

by Fred Moseley

Overview

This book provides a contemporary assessment of Marx's theory of money. This theory is often praised as one of Marx's greatest achievements, especially when compared with either classical or neoclassical economics. On the other hand, Marx's theory of money has also been severely criticized, especially that it seems to require that money be a produced commodity. The contributors to the volume provide a wide-ranging and in-depth appraisal of the strengths and weaknesses of Marx's theory of money, compared to other theories of money.

Product Details

ISBN-13:	9780230567467
Publisher:	Palgrave Macmillan
Publication date:	12/07/2004
Sold by:	Barnes & Noble
Format:	eBook
File size:	551 KB

About the Author

CHRIS ARTHUR University of Sussex, UK
RICCARDO BELLOFIORE University of Bergamo, Italy
MARTHA CAMPBELL State University of New York - Potsdam, USA
SUZANNE DE BRUNHOFF Centre National de la Recherche Scientifique, France
DUNCAN FOLEY New School University, USA
CLAUS GERMER University of Parana, Brazil
MAKOTO ITOH Kokugakuin University, Japan
COSTAS LAPAVITSAS University of London, UK
PICHIT LIKITKIJSOMBOON Thammasat University, Thailand
PATRICK MURRAY Creighton University, USA
ANITRA NELSON RMIT University, Australia
GEERT REUTEN University of Amsterdam, The Netherlands
TONY SMITH Iowa State University, USA

Table of Contents

Introduction; F.Moseley PART I: MARX'S BASIC THEORY OF MONEY The Commodity Nature of Money in Marx's Theory; C.Germer Marx's Theory of Money in Historical Perspective; D.Foley The Universal Equivalent as Monopolist of the Ability to Buy; C.Lapavitsas Money as Displaced Social Form: Why Value cannot be Independent of Price; P.Murray Marx's Objections to Credit Theories of Money; A.Nelson Money as Constituent of Value; G.Reuten PART II: EXTENSIONS AND RECONSTRUCTIONS OF MARX'S THEORY OF MONEY Value and Money; C.Arthur The Monetary Aspects of the Capitalist Process in the Marxian System: An Investigation from the Point of View of the Theory of the Monetary Circuit; R.Bellofiore PART III: MARX'S CRITIQUE OF THE QUANTITY THEORY OF MONEY Marx's Explanation of Money's Functions: Overturning the QuantityTheory; M.Campbell Marx's Anti-Quantity Theory of Money: A Critical Evaluation; P.Likitkijsomboon PART IV: MONEY AND THE TRANSFORMATION PROBLEM The New Interpretation and the Value of Money; M.Itoh Money Has No Price: Marx's Theory of Money and the Transformation Problem; F.Moseley PART V: MARX'S THEORY OF WORLD MONEY Marx's Contributions to the Search for a Theory of Money; S.de Brunhoff Towards a Marxian Theory of World Money; T.Smith Index