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The value of money

Author: Prabhat Patnaik
Publisher: New York : Columbia University Press, ©2009.
Edition/Format:   Print book : EnglishView all editions and formats
Summary:
According to Prabhat Patnaik, even in a nonbarter economy, the value we assign to money is determined independently of its supply and demand, thus making money a form in which wealth is held.
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Genre/Form: Aufsatzsammlung
Material Type: Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: Prabhat Patnaik
ISBN: 9780231146760 0231146760 9780231519212 0231519214
OCLC Number: 276930324
Notes: Previously published: New Delhi : Tulika Books, 2008.
Description: xx, 256 pages : illustrations ; 24 cm
Contents: The great divide in economics --
pt. 1. The infirmity of monetarism. The monetarist theory --
Equilibrium and historical time --
The modus operandi of monetarist theory --
The cash transactions approach to monetarism --
An excursus on rational-expectation equilibria --
An excursus on methodological individualism --
An excursus on Walrasian equilibrium and capitalist production --
pt. 2. The superiority of propertyism. A critique of Ricardo's theory of money --
Marx on the value of money --
An excursus on Marx's theory of value --
Marx's solution to a dilemma --
Alternative interpretations of Keynes --
A digression on Keynesian dilemma --
Marx, Keynes, and propertyism --
pt. 3. The incompleteness of propertyism. A solution to the incompleteness --
Capitalism as a mode of production --
Money in the world economy --
Capitalism and imperialism.
Responsibility: Prabhat Patnaik.
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Abstract:

According to Prabhat Patnaik, even in a nonbarter economy, the value we assign to money is determined independently of its supply and demand, thus making money a form in which wealth is held.

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