 Un modello di teoria monetaria della produzione capitalistica. Un'alternativa «classico-circuitista» al paradigma neoclassico della scarsità (A model of monetary theory of capitalist production)Il Pensiero Economico Italiano, 2005, vol. 13, issue 1, 91-122 Abstract: In order to sketch out a common analytical framework between classical and circuit theories we build a model of ‘monetary theory of capitalist production’. The structure of this model consists of a classical ‘core’ inspired to Garegnani (1981, 1990) and an ‘extension’ based on the monetary circuit theory of Graziani (1984, 2003). It is shown that this structure is conceptually alternative to the neoclassical paradigm of scarcity. We also criticise Hahn (1982), who defined this kind of models as a ‘special case’ of the neoclassical theory. In particular, we demonstrate that Hahn’s interpretation is based on the paradox of considering ‘the past dependent on the future’. The comparison between the monetary theory of capitalist production and the neoclassical analysis is developed within a wellknown mathematical framework, derived from Solow (1956) Keywords: Current heterodox approaches; general aggregative models (Approcci eterodossi contemporanei; modelli di crescita e distribuzione) (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pei:journl:v:13:y:2005:1:5:p:91-122 Access Statistics for this article Il Pensiero Economico Italiano is currently edited by Massimo Augello and Marco E. L. Guidi More articles in Il Pensiero Economico Italiano from Fabrizio Serra Editore, Pisa - Roma |
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