Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/146969
Authors: 
Young-Taft, Tai
Year of Publication: 
2015
Series/Report no.: 
Working Paper, Levy Economics Institute 841
Abstract: 
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.
Subjects: 
Macroeconomics
Marx´s Theory of Money
Monetary Theory
Transformation Problem
JEL: 
B51
E11
G13
Document Type: 
Working Paper

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