1st Edition

Money and Capital A Critique of Monetary Thought, the Dollar and Post-Capitalism

By Laurent Baronian Copyright 2023
314 Pages
by Routledge

314 Pages
by Routledge

314 Pages
by Routledge

This book renews the Marxian theory of the general equivalent by highlighting the contradiction between the social functions of money (unit of account, means of circulation) and its private functions (store of value, accumulation). It draws a clear distinction between the monetary base and the commodity base of money and thus avoids the confusion between money and credit on the one hand, and... Read more

Introduction  Part 1 The modes of being of money  1. Money, its modes of being and its functions  2. The paradoxes of the Currency school-Banking school debate  Part 2 Critique of monetary thought  3. Keynes' two monies  4. The impossible demand for money of thecClassics and Friedman's Keynesianism   5. Money-flow and money-stock in post-Keynesian theory  6. The utopian imperialism of Modern Monetary Theory  7. Neither barter nor chartalism Part 3 The dollar policy   8. The inter-role of the dollar  9. The dollar and its relative autonomy 10. The dollarisation of the world through crises  11. Ordomonetarism: the original neoliberalism  Part 4 The politics of money  12. The euthanasia of the rentier and the skeleton of socialism  Conclusion: digital currencies and post-capitalism

Biography

Laurent Baronian is an Assistant Professor in Economics at the University Sorbonne Paris Nord, France. His research interests include the history of economic thought, monetary theory and history, labour in the age of information and communication technologies, and the theory and practice of the commons.