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La teoria monetaria di Keynes e i teorici del circuito: a proposito di un libro di Augusto Graziani


  • Cavalieri, Duccio


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 monetary economy. The paper has a twofold purpose, as it is intended to be both a contribution to a critical assessment of the theories of the "monetary circuit" and an appraisal of Prof. Graziani's interpretation of the historical development of Keynes' monetary thought.

Suggested Citation

  • Cavalieri, Duccio, 1994. "La teoria monetaria di Keynes e i teorici del circuito: a proposito di un libro di Augusto Graziani," MPRA Paper 43887, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:43887

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    Cited by:

    1. Duccio Cavalieri, 2004. "On Some Equilibrium and Disequilibrium Theories of Endogenous Money: A Structuralist View," History of Economic Ideas, Fabrizio Serra Editore, Pisa - Roma, vol. 12(3), pages 51-83.
    2. cavalieri, duccio, 2003. "On the closure of the monetary circuit," MPRA Paper 43836, University Library of Munich, Germany.
    3. Cavalieri, Duccio, 2015. "Structural interdependence in monetary economics: theoretical assessment and policy implications," MPRA Paper 65526, University Library of Munich, Germany.
    4. Cavalieri, Duccio, 1999. "Il circuito della moneta e il finanziamento dell'economia. Un'analisi teorica
      [Monetary circuit and economy financing: a theoretical analysis]
      ," MPRA Paper 43895, University Library of Munich, Germany.
    5. Cavalieri, Duccio, 2006. "The difficult task of integrating money in the theory of production," MPRA Paper 44097, University Library of Munich, Germany.
    6. Cavalieri, Duccio, 1996. "Sullo statuto teorico dell'offerta di moneta: un dibattito con Augusto Graziani
      [On the theoretic status of the supply of money: a debate with Augusto Graziani]
      ," MPRA Paper 43888, University Library of Munich, Germany.

    More about this item


    Keynes; monetary circuit; Graziani; monetary theory;

    JEL classification:

    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
    • E40 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - General
    • E41 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Demand for Money


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