Marx on Money

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Marx's monetary theory was based on his labour theory of value. This led him to embrace the Banking School and left him without a theory of the interest rate. To his credit, he clearly saw that Say's Identity is not valid in a monetary economy.
Original languageEnglish
Pages (from-to)266-287
JournalKredit und Kapital
Issue number2
Publication statusPublished - 1977


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