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Abstract

Marx considered his theory of money to be one of his main accomplishments and a significant advance over Ricardo’s theory and classical economics in general, which had simply taken money for granted, or explained the existence of money in ad hoc fashion, on the basis of the practical difficulties of barter, unrelated to any theory of value.

Keywords

Quantity Theory Marxian Theory Labour Theory Paper Money Credit Money 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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© Fred Moseley 2005

Authors and Affiliations

  • Fred Moseley

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