عنوان

The value of money /

شابک

0231519214

شابک

9780231519212

شابک اشتباه

0231146760

شابک اشتباه

9780231146760

شماره

b787913

عنوان اصلي

The value of money /

نام عام مواد

[Book]

نام نخستين پديدآور

Prabhat Patnaik.

محل نشرو پخش و غیره

New York :

نام ناشر، پخش کننده و غيره

Columbia University Press,

تاریخ نشرو بخش و غیره

[2009]

تاریخ نشرو بخش و غیره

©2009

نام خاص و کميت اثر

1 online resource (xx, 256 pages) :

ساير جزييات

illustrations

متن يادداشت

Previously published: New Delhi : Tulika Books, 2008.

متن يادداشت

Includes bibliographical references and index.

متن يادداشت

Table of Contents ; Preface; Introduction; 1. The Great Divide in Economics; Part I. 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 II. 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.

متن يادداشت

12. Marx's Solution to a Dilemma13. Alternative Interpretations of Keynes; 14. A Digression on a Keynesian Dilemma; 15. Marx, Keynes, and Propertyism; Part III. 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.

بدون عنوان

0

بدون عنوان

8

متن يادداشت

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, the value we assign to money is determined independently of its supply and demand. 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. The fact that money is held as wealth in turn gives rise to the possibility of deficiency of aggregate demand under capitalism. It is no accident that this possibility was highlighted by Marx and Keynes while going largely unrecognized by Ricardo and contemporary monetarists. At the same time, Patnaik points to a weakness in the Marx-Keynes tradition¿namely, its lack of any satisfactory explanation of why the value of money, determined from outside the realm of supply and demand, remains relatively stable over long stretches of time. The answer to this que.

عنوان

Value of money.

موضوع مستند نشده

Money.

موضوع مستند نشده

BUSINESS & ECONOMICS-- Finance.

موضوع مستند نشده

Money.

موضوع مستند نشده

BUS-- 027000

شماره

ويراست

شماره رده

نشانه اثر

مستند نام اشخاص تاييد نشده

Patnaik, Prabhat

تاريخ عمليات

20201207013430.0

قواعد فهرست نويسي ( بخش توصيفي )

pn

نام الکترونيکي

نوع ماده

[Book]

تكميل شده

Y