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Titlebook: Marx’s Theory of Money; Modern Appraisals Fred Moseley Book 2005 Palgrave Macmillan, a division of Macmillan Publishers Limited 2005 econom

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Money has no Price: Marx’s Theory of Money and the Transformation Problemer, Bortkiewicz and Sweezy will be considered as the representatives of the standard interpretation of Marx’s theory of money and the transformation problem in particular (with the former the originator of the standard interpretation).
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Marx’s Objections to Credit Theories of Moneyignificant that Marx criticized the weak credit theories of money with which he was familiar. First, distinctions between commodity and credit theories of money are identified. Second, aspects of Marx’s theory of money are highlighted. Third, Marx’s objections to concepts associated with credit theo
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Money as Constituent of Valuen seems merely a superfluous excursion at this point since in the remainder of the book Marx apparently does not ‘do’ anything with it. He returns to money only in . (Part II) and then again in . (Parts IV and V). This may be one reason why the chapter 3 introduction has for a long time been much ne
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The Universal Equivalent as Monopolist of the Ability to Buyeither classical political economy nor neoclassical economics offers a comparable analysis of the relationship between value and money. In . (and elsewhere, selectively cited below) Marx defines money as the universal equivalent, or the independent form of value. By representing value in general, mo
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