MARX'S THEORY OF MONEY: MODERN APPRAISALS; ED. BY FRED MOSELEY

This book provides a contemporary assessment of Marx's theory of money. This theory is often praised as one of Marx's greatest achievements, especially when compared with either classical or neoclassical economics. On the other hand, Marx's theory of money has also been severely criticized, especially that is seems to require that money be a produced commodity. The contributors to the volume provide a wide-ranging and in-depth appraisal of the strengths and weaknesses of Marx's theory of money, compared to other theories of money. Front Matter....Pages i-vii Introduction....Pages 1-18 Front Matter....Pages 19-19 The Commodity Nature of Money in Marx’s Theory....Pages 21-35 Marx’s Theory of Money in Historical Perspective....Pages 36-49 Money as Displaced Social Form: Why Value cannot be Independent of Price....Pages 50-64 Marx’s Objections to Credit Theories of Money....Pages 65-77 Money as Constituent of Value....Pages 78-92 Front Matter....Pages 93-93 The Universal Equivalent as Monopolist of the Ability to Buy....Pages 95-110 Value and Money....Pages 111-123 The Monetary Aspects of the Capitalist Process in the Marxian System: An Investigation from the Point of View of the Theory of the Monetary Circuit....Pages 124-139 Front Matter....Pages 141-141 Marx’s Explanation of Money’s Functions: Overturning the Quantity Theory....Pages 143-159 Marx’s Anti-Quantity Theory of Money: A Critical Evaluation....Pages 160-174 Front Matter....Pages 175-175 The New Interpretation and the Value of Money....Pages 177-191 Money has no Price: Marx’s Theory of Money and the Transformation Problem....Pages 192-206 Front Matter....Pages 207-207 Marx’s Contribution to the Search for a Theory of Money....Pages 209-221 Towards a Marxian Theory of World Money....Pages 222-235 Back Matter....Pages 237-242 This book provides a contemporary assessment of Marx's theory of money. This theory is often praised as one of Marx's greatest achievements, especially when compared with either classical or neoclassical economics. On the other hand, Marx's theory of money has also been severely criticized, especially that it seems to require that money be a produced commodity. The contributors to the volume provide a wide-ranging and in-depth appraisal of the strengths and weaknesses of Marx's theory of money, compared to other theories of money. This book provides a contemporary assessment of Marx's theory of money. This theory is often praised as on of Marx's greatest achievement, especially when compared with either classical or neoclassical economics. On the other hand, Marx's theory of money has also been severely criticised, especially that is seems to require that money be a produced commodity. The contributors to the volume provide a wide-ranging and in-depth appraisal of the strengths and weaknesses of Marx's theory of money, compared to other theories of money