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Evaluating Stephen Zarlenga's treatment of historical monetary thought

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  • Simon Mouatt

Abstract

Purpose - The aim of this paper is to examine the proposition that the monetary reform movement has correctly identified the central importance of money‐issue whilst, simultaneously, not appreciated the sophistication of previous monetary theorists. Design/methodology/approach - The Classical, Keynesian and Marxian monetary traditions are explored within the context of the views of the monetary reformers, as espoused by Stephen Zarlenga of the American Monetary Institute. Findings - The monetary reform movement has presented a far too simplistic view of previous monetary theorists yet identified an underdeveloped arena for research. Practical implications - The development of understanding towards a state theory of money. Originality/value - The paper contributes to theoretical knowledge regarding the political economy of money creation.

Suggested Citation

  • Simon Mouatt, 2008. "Evaluating Stephen Zarlenga's treatment of historical monetary thought," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 35(11), pages 846-856, September.
    • Handle: RePEc:eme:ijsepp:v:35:y:2008:i:11:p:846-856
    DOI: 10.1108/03068290810905450
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    References listed on IDEAS

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    1. Lapavitsas, Costas, 1994. "The Banking School and the Monetary Thought of Karl Marx," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 18(5), pages 447-461, October.
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