|
Books > Social sciences > Politics & government > Political ideologies > Marxism & Communism
|
Buy Now
Money and Capital - A Critique of Monetary Thought, the Dollar and Post-Capitalism (Paperback)
Loot Price: R1,267
Discovery Miles 12 670
|
|
|
Money and Capital - A Critique of Monetary Thought, the Dollar and Post-Capitalism (Paperback)
Series: Routledge Frontiers of Political Economy
Expected to ship within 9 - 15 working days
|
This book renews the Marxian theory of the general equivalent by
highlighting the contradiction between the social functions of
money (unit of account, means of circulation) and its private
functions (store of value, accumulation). It draws a clear
distinction between the monetary base and the commodity base of
money and thus avoids the confusion between money and credit on the
one hand, and money and capital on the other, which are found in
other heterodox monetary theories. It accounts for the new forms of
monetary constraints weighing on the banking systems under and
inconvertible fiat money standard, the class relationships
underlying the interventions of monetary authorities and
governments, and presents a definition of the state which
emphasises its mode of intervention on the collective and social
conditions of capitalisms which are money and labour power. The
emphasis on the contradiction between these two types of monetary
functions gives a more fundamental account of the conflict between
the international role and the national origin of the dollar than
the Triffin dilemma, which has been constantly overcome or deferred
by the US since 1960. The author explains this evolution by
demonstrating how, from the 1950s onwards, the dollar began a
process of acquiring relative autonomy from the US economy. By
focusing on the role and international functions of the dollar, he
offers a fresh look at the 2008 crisis and its consequences for the
international monetary system, but also for a possible
post-capitalist financial system - which post-revolutionary Russia
experimented with in the form of the NEP, and whose contemporary
implementation is foreshadowed by the rise of digital central bank
currencies. The book thereby provides a necessary update to the
tools and concepts inherited from Marx for analysing and
understanding money, capital and the state.
General
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!
|
You might also like..
|
Email address subscribed successfully.
A activation email has been sent to you.
Please click the link in that email to activate your subscription.
Welcome to Loot.co.za!
Sign in / Register |Wishlists & Gift Vouchers |Help | Advanced search
