IDEAS home Printed from
   My bibliography  Save this paper

Moneta, finanza e crisi. Marx nel circuito monetario
[Money, finance and crisis. Marx within the monetary circuit]


  • Veronese Passarella, Marco


The so-called ‘Theory of Monetary Circuit’ not only represents an original Marxian rereading of Keynesian macroeconomic categories, but also provides an essential tool for the analysis (and the critique) of recent developments in capitalist economies, including the financialisation process. Starting from a ‘circuitist’ view, it is argued that the twin financial crises of 2000 and 2007 can be regarded as the ‘friction points’ of the law of creation of value and surplus value (that still relies on the extension and intensification of the exploitation of the living labour in the production sphere) with the private realisation of value created (i.e. the historically determined way of setting relative prices, including return rates on financial assets) under current financially sophisticated capitalist economies.

Suggested Citation

  • Veronese Passarella, Marco, 2013. "Moneta, finanza e crisi. Marx nel circuito monetario
    [Money, finance and crisis. Marx within the monetary circuit]
    ," MPRA Paper 68507, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:68507

    Download full text from publisher

    File URL:
    File Function: original version
    Download Restriction: no

    More about this item


    Marxian economic thought; labour theory of value; monetary circuit; financialisation;

    JEL classification:

    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian
    • E41 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Demand for Money
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:68507. 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: (Joachim Winter). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.