Abstract
After being largely neglected by Marxist scholars in the first two-thirds of the twentieth century, with some exceptions such as Rubin (1972), Marx’s theory of money has been the subject of a substantial number of books and articles in the last 35 years. Among others de Brunhoff (1976), Foley (1983), Arnon (1984), and Itoh and Lapavitsas (1998). This work shows that the theory of money is an indispensable part of Marx’s theory of value, and among the most original aspects of Marx’s economics.
This chapter was prepared for presentation at the conference Marx’s Theory of Money: Modern Appraisals at Mount Holyoke College, 4–8 August 2003. I would like to thank Ramaa Vasudevan for conversations that helped me develop the arguments put forth here, and Fred Moseley, Geert Reuten, and the other participants in the conference for comments on earlier drafts.
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© 2005 Duncan Foley
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Foley, D. (2005). Marx’s Theory of Money in Historical Perspective. In: Moseley, F. (eds) Marx’s Theory of Money. Palgrave Macmillan, London. https://doi.org/10.1057/9780230523999_3
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DOI: https://doi.org/10.1057/9780230523999_3
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