This is a review-article of a collection of essays written by monetary circuit theorists in honour of Augusto Graziani, edited in 2005 by G. Fontana and R. Realfonzo with the title "The Monetary Theory of Production: Tradition and Perspectives", for Palgrave Macmillan.

This is an analysis of the present unsatisfactory state of the theory of capital and a proposal to reformulate this theory in line with some neglected late-Marxian views on the subject and in the light of the passage of capitalism from the industrial to a post-industrial era characterized by the...

This is a proposal to restate the theory of capital along critical Marxian lines aimed at providing a better integration of the theory of capital with the theory of money and finance. The time value of money must be properly accounted for. An analytical method is proposed to accomplish this...

This essay provides a critical Marxist reformulation, internal to the cultural tradition of Western Marxism, of Marx’s theoretical treatment of value and capital. It implies the abandonment of the ‘pure’ labour theory of value of the young Marx in favour of a ‘mixed’ labour-and capital...

This is a paper on the theory of capital. It deals with the role of capital in a cost-of-production theory of value in which both labour and capital are directly productive. The guidelines of an analytical method are proposed. Marx’s ‘monetary expression of abstract labour-value’ (MEV) is...

This paper is intended to be a contribution to a historico-critical analysis of some recent theories of endogenous money supply. Not a systematic survey of the literature on the subject. It is mainly concerned with the internal consistency of the „circuit. theories developed in the 1980.s and...

The object of this paper is a reflection on the significance of some of the last writings and speeches of the late professor Claudio Napoleoni (1924-1988). He was not only a well known theoretical economist and historian of economic thought but also a competent philosophical anthropologist and...

The paper examines the development over time of Marshall's theoretical position, with the purpose of assessing its place in the history of economic thought. Marshall's work, concerned with the theoretical implications of structural changes in the British economy after the industrial revolution,...

This is a short essay on the present state of a controversial problem: that of the relationship between the supply and the demand for money. Exogeneous or endogenous money supply? The different positions taken in the literature on the subject are examined and discussed. The author's confidence...

This is an unpublished document on the history of Italian economic planning in the 1970s: a letter of the Italian minister Ugo La Malfa to Claudio Napoleoni