Publications

Working Paper No. 841 | July 2015

Marx’s Theory of Money and 21st-century Macrodynamics

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 derivative securities, and (5) strategies for modeling, predicting, and controlling production and exchange of the money commodity and their interface with the real economy.

Related Publications


Publication Highlight

One-Pager No. 65
COVID Relief and the Inflation Warriors
Author(s): Yeva Nersisyan, L. Randall Wray
February 2021

Quick Search

Search in: