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Shadow Money in the 19th Century: Is Marx Relevant for Understanding Contemporary Shadow Money?

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  • Ramaa Vasudevan

Abstract

The growth of shadow money, since the 1980s, has implications for both central bank policy and the theorization of money. However, modern shadow money has a historical analogue in the private bill market of 19th century England This article explores the relevance of Marx’s logical and historical analysis of the evolution of the forms and functions of money in capitalist economies, and his concrete analysis of the bill market in order to understand shadow money today.

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  • Ramaa Vasudevan, 2018. "Shadow Money in the 19th Century: Is Marx Relevant for Understanding Contemporary Shadow Money?," Review of Political Economy, Taylor & Francis Journals, vol. 30(3), pages 461-483, July.
    • Handle: RePEc:taf:revpoe:v:30:y:2018:i:3:p:461-483
    DOI: 10.1080/09538259.2018.1478509
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    Cited by:

    1. Nicolás à guila & Juan M. Graña, 2020. "The Influence of the Interest Rate in Capitalist Competition: Capital Differentiation and Structural Change," Bulletin of Political Economy, Bulletin of Political Economy, vol. 14(2), pages 153-177, December.

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