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On Graziani’s monetary theory of production
Journal Title: STUDI ECONOMICI  
Author/s: Ferruccio Marzano 
Year:  2014 Issue: 112 Language: English 
Pages:  8 Pg. 90-97 FullText PDF:  33 KB
DOI:  10.3280/STE2014-112007
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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.
Keywords: Monetary theory, circuit approach, banks’ credit.
Jel Code: B31, E51

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Ferruccio Marzano, in "STUDI ECONOMICI " 112/2014, pp. 90-97, DOI:10.3280/STE2014-112007


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