{"product_id":"the-monetary-theory-of-production-9780521104173","title":"The Monetary Theory of Production","description":"Augusto Graziani challenges traditional theories of monetary production, arguing that a modern economy based on credit cannot be understood without a focus on the administration of credit flow. Money functions as an instrument for the circulation of commodities or for keeping a stock of liquid wealth in mainstream economic theory. In neither case is it considered fundamental to the production of goods or the distribution of income. A strong exponent of the circulation theory of monetary production, Graziani presents an original and perhaps controversial argument which will stimulate debate.\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAbout the Author\u003c\/b\u003e\u003cbr\u003e\u003cb\u003e\u003ci\u003eGraziani, Augusto:\u003c\/i\u003e\u003c\/b\u003e - Augusto Graziani is Professor of Economics in the University of Rome La Sapienza. He is the author of Teoria Economica (4th edition, 2002).","brand":"Cambridge University Press","offers":[{"title":"Default Title","offer_id":50325043806482,"sku":"9780521104173","price":43.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0831\/4771\/8930\/files\/img_54ad3089-1770-44f3-adfd-ed163199951e.jpg?v=1727679233","url":"https:\/\/surprise-castle.myshopify.com\/products\/the-monetary-theory-of-production-9780521104173","provider":"Surprise Castle","version":"1.0","type":"link"}