This is a theoretical analysis of the role of money and other less liquid financial assets in the financing of the private sector of a market economy. It is concerned, basically, with the functional relations between households, firms, banks and other financial institutions, and with those...

In this article the Author reviews a recent book by Prof. Augusto Graziani on the monetary theory of production. It is maintained that, in spite of its Keynesian title, the book is not really Keynesian in character and provides a rather controversial picture of Keynes' views on the working of a...