Towards a Marxian Theory of World Money

  • Tony Smith


In Financial Markets, Money and the Real World Paul Davidson, a leading Post Keynesian economist, adds his voice to calls for reforms of the ‘international financial architecture’. Unlike other reformers, his proposals centre on a new form of world money. In this chapter I shall present a critical assessment of his position from a Marxian standpoint.


Central Bank World Market Nominal Exchange Rate Domestic Currency Uneven Development 
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© Tony Smith 2005

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  • Tony Smith

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