John Maynard Keynes's liquidity preference theory, Kregel argued that such rejection leaves the relation between money and … requires an extension of the circuit theory of money, along the lines of the credit and state money approaches of modern …. Kregel ; Chartalist ; Modern Money Theory ; State Money ; Credit Money ; Default …

This paper argues that the usual framing of discussions of money, monetary policy, and fiscal policy plays into the … generally. To put it the way that economists usually do, money "lubricates" the market mechanism - a good thing, because the … chance. The paper advances an alternative framing for money and shows how it can be used to reshape discussion. The paper …

Marx’s theory of money is critiqued relative to the advent of fiat and electronic currencies and the development of … financial markets. Specific topics of concern include (1) today’s identity of the money commodity, (2) possible heterogeneity of … the money commodity, (3) the categories of land and rent as they pertain to the financial economy, (4) valuation of …

This paper presents a critique of Karl Marx's labor theory of value and his theory of falling profit rates from an … intersectional political economy perspective. Specifically, I rely on social reproduction theory to propose that Marx …

to put in place anti-inflationary measures, such as well-targeted taxes, wage and price controls, rationing, and … conclude that it is likely that the GND can be phased in without inflation, but if price pressures do appear, deferring a small …