. Money as a social representative of value, therefore, is introduced at the very beginning of Marx’s microeconomics. Marx …’s rejection of Ricardo’s interpretation of Say’s Law requires that money as a means of circulation and as a means of payment is … realisation of profits for the capitalist class as a whole requires money advances, which have to increase by means of rising …

and thrift. His point was that it is money, not saving, which is the necessary prerequisite for economic activity in …This paper revisits Keynes’s liquidity preference theory as it evolved from the Treatise on Money to The General Theory … interest as a replacement for flawed saving or loanable funds theories of interest emphasizing the real forces of productivity …