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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 …
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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 …
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