Marxian theories of money, credit and crisis

Bibliographic Data

ID3833693
AuthorsBill Lucarelli (Western Sydney University, corresponding author)
Year2010
Volume34
Issue2
Pages199-214
Publication date2010-06-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueCapital & Class (JOURNAL)
Journal identifiersISSN: 0309-8168 • E-ISSN: 2041-0980
PublisherSAGE Publications Inc (PUBLISHER)
DOI10.1177/0309816810365120
OpenAlexW2081017131
LanguageEN
Citations received5
References cited44

The aim of this paper is to provide an overview of recent interpretations of the essential properties of capitalist money within the Marxian literature. It argues that Marx's original theory of money provides a coherent analytical framework by which more recent theories of endogenous money and credit creation can be assimilated. It distinguishes the various forms and functions of money and how these have evolved historically, and proposes that the original Marxian theory of commodity money provides a sound foundation with which to interpret the emergence of finance capital and monetary circuits of credit. Given this it is thus possible to examine the modern dynamics of recurrent financial crises from the standpoint of the general laws of capital accumulation

Capital (architecture) · Commodity · Economics · Endogenous money · Foundation (evidence) · Keynesian economics · Monetary economics · Monetary policy · Monetary theory · Neoclassical economics · Quantity theory of money · Economic Theory and Policy · Finance · Housing, Finance, and Neoliberalism · Law · Political Economy and Marxism

Tools

Open DOISci-Hub