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Nur 35.18 EUR Versandkosten: 2-3 Tage 0.00 EUR Value of Money

Through an original and provocative critique of monetarism, Patnaik advances a revolutionary understanding of macroeconomics that highlights the propertyist position of Karl Marx and John Maynard Keynes. Unlike the usual division between classical economists (e.g., David Ricardo and Marx) and the marginalists (e.g., Carl Menger, William Stanley Jevons, and Léon Walras), Patnaik places monetarists, including Ricardo, on one side, while grouping propertyist writers like Marx, Keynes, and Rosa Luxemburg on the other. This second group subscribes to the idea that the value of money is given from outside the realm of supply and demand, therefore making money a form in which wealth is held. ...

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