integrated analysis of money, finance and macroeconomics and its application to changing institutional and historical …

analysis of money, finance and macroeconomics and its appli-cation to changing institutional and historical circumstances, like …

. Money as a social representative of value, therefore, is introduced at the very beginning of Marx's microeconomics. Marx …'s rejection of Ricardo's interpretation of Say's Law requires that money as a means of circulation and as a means of payment is … profits for the capitalist class as a whole requires money advances, which have to increase by means of rising credit in a …