On Graziani?s monetary theory of production

Ferruccio Marzano

STUDI ECONOMICI, 2014, vol. 2014/112, issue 112, 90-97

Abstract: In the paper it is underlined that, building on previous German and French literature, in various outstanding contributions Graziani analyses the working of a credit capitalist economy, that is an economy in which banks? decisions on the amount of credit provided to firms are the starting point in the functioning of the economy. In particular, in Graziani?s vision, the power of banks and that of firms conflict each other, whereas the role of workers is a residual one.

JEL-codes: B31 E51 (search for similar items in EconPapers)
Date: 2014
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