credit

Credit Creation, Debt and the State with Special Reference to and Critique of Modern Money Theory. (actualized version)

Among other things, we try to establish a connection between the credit creation of private banks (and the central bank), general indebtedness and economic growth under capitalism, and all this with the inclusion of a critique of Modern Money Theory. …

Credit Creation, Debt and the State with Special Reference to and Critique of Modern Money Theory. (actualized version)

Covid ‐ 19 Capitalism, Neoliberal Debt & the Need for Sovereign Money

… If no one borrowed, our capitalist economies would go into severe contraction because the vast majority of our money is created as debt. This is why financial elites were rattled during the global financial crisis: they feared credit would …

Covid ‐ 19 Capitalism, Neoliberal Debt & the Need for Sovereign Money

Money as Money: Suzanne de Brunhoff’s Marxist Monetary Theory

Abstract: This article proposes the necessity to return to Suzanne de Brunhoff’s Marxist monetary theory in order to conceptualise the relationship between production and social reproduction within financialised capitalist social relations. De Brunhoff maintains a commitment to understanding «money as …

Money as Money: Suzanne de Brunhoff’s Marxist Monetary Theory

On the Character of the Current Economic Crisis

Spyros Lapatsioras,1 Leonidas Maroudas,2 Panayotis G. Michaelides,3 John Milios,4 D. P. Sotiropoulos,5 1. Introduction In the third chapter of Capital Marx observed: “As long as the social character of labour appears as the money existence of the commodity and hence …

On the Character of the Current Economic Crisis

Marx’s Critique of (Ricardian) Political Economy, the Quantity Theory of Money and Credit Money

The Marxist concept of value is very frequently equated, whether explicitly or merely tacitly, with the corresponding Ricardian concept of “labour expended”. This paper argues that unlike the Ricardian theory of value, the Marxist theory of value is a monetary …

Marx’s Critique of (Ricardian) Political Economy, the Quantity Theory of Money and Credit Money

Scroll to Top