Market and state -- A monetary economy -- Mainstream theory -- Heterodox traditions -- Marx's political economy -- Marx …

matters. Applying Marx's political economy and Post-Keynesian endogenous money theory to case studies from the UK and Germany …, it argues that the best explanation for these phenomena can be found in the systemic drivers of capitalism. …

The contribution by the Austrian economist Friedrich von Hayek to monetary theory stimulates a far-reaching debate on … money. Since the early 1930s Hayek had been concerned about the role of money in the theory of production (Hayek, 1931 …). Influenced by Eugene Bohm-Bawerk’s theory of capital, Hayek deeply examined the effects of monetary policy on the process of …