The Banking School and the Monetary Thought of Karl Marx
Karl Marx's opposition to the quantity theory of money, the distinction he drew between fiat and credit money, and the emphasis he laid on money hoard formation all reveal the influence of the Banking School. His own monetary work, however, provided important theoretical foundations, which the anti-quantity theory tradition lacked. First, Marx elaborated the close connection between forms and functions of money. Second, his analysis of capitalist reproduction provided a model for the continuous redivision of the money stock into a circulating and a hoarded part. This work supported the claim that determination runs from prices to money and not vice versa. (c) 1994 Academic Press, Inc. Copyright 1994 by Oxford University Press.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Volume (Year): 18 (1994)
Issue (Month): 5 (October)
|Contact details of provider:|| Postal: Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK|
Fax: 01865 267 985
Web page: http://www.cje.oupjournals.org/
|Order Information:||Web: http://www.oup.co.uk/journals|
When requesting a correction, please mention this item's handle: RePEc:oup:cambje:v:18:y:1994:i:5:p:447-61. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Oxford University Press)or (Christopher F. Baum)
If references are entirely missing, you can add them using this form.