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perspective of a Marxian monetary theory of value that emphasizes in-trinsic, structural flaws regarding capitalist reproduction …' Marxian monetary theory of value will be presented. Heinrich identifies connections between production and realization … Marxian mon-etary theories of value. It is concluded that a Marxian monetary theory of value, with the characteristics of …
Persistent link: https://www.econbiz.de/10012063855
This paper extends earlier work (Wray 1991; see also Wray 1992b) that argued that liquidity preference theory should be … interpreted as a theory of value. Here I will argue that two theories of value are needed for analysis of a monetary production … economy: the labor theory of value and the liquidity preference theory of value. Both Keynes and Marx were trying to develop a …
Persistent link: https://www.econbiz.de/10014201070
about the Quantity Theory of Money, but he hesitated to probe too deeply into the political and ideological elements of its … history, perhaps leading him to underestimate their importance for the theory's evolution. -- money ; Quantity theory ; value … theory ; positive economics ; empiricism ; formalism ; bimetallism ; gold standard ; monetarism …
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shown that major elements of Marx's economic theory fall in the camp of monetary analysis and the implications for Marx …'s theory of capital accumulation are derived. First, Marx's theory of labour value has to be considered a "monetary theory of … follows, that any "real theory" of crisis and stagnation, as the falling rate of profit theory of crisis, cannot be sustained …
Persistent link: https://www.econbiz.de/10010486805
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Marxismus" (The system of Marxism) had been rediscovered by the Italian economists Gilibert and Egidi. It was then the second … economic theory and Neoricardianism. …
Persistent link: https://www.econbiz.de/10009763957
Exclusive writings on the contribution of Ibn Khaldun to economics in the English language have not been many, the references to his work also remain scanty and far between. Even in what little is available mostly authors talk about his views on professions, markets and the cloud he castes on...
Persistent link: https://www.econbiz.de/10012943453
, especially, in his Labor Theory of Value. The notion that animates this text argues that the multiple objections that have been … that his own version on the theory of value was not only different, but much more advanced and rigorous than that of his … predecessor. In this text it is proposed that the new explorations on the theory of value, very promising for a critical …
Persistent link: https://www.econbiz.de/10012824139