This book provides the grounding for a new approach to monetary economics, based on the book-keeping nature of money. The main themes of macroeconomics are examined to show how we may improve our understanding through a thorough analysis of their monetary aspects. Money is the key element and its role is investigated in relation to value, prices, profits, capital and interest. Alvaro Cencini's analysis rejects the traditional, net asset definition of money, arguing that despite appearances to the contrary, money is issued by banks as a mere numerical form. It is through its association with production that it is given its positive value, purchasing power. The resulting theory elicits a new understanding of the conditions behind today's monetary disorders and prescribes new remedies to cure them once and for all.
Author(s): Alvaro Cencini
Edition: 1
Year: 2001
Language: English
Pages: 240
Book Cover......Page 1
Title......Page 4
Contents......Page 5
List of figures......Page 10
List of tables......Page 11
Preface......Page 12
Acknowledgements......Page 13
Introduction......Page 14
Money, value and prices......Page 24
Money and exchange......Page 47
Money, credit and banks......Page 75
Money and production......Page 101
Money and capital......Page 132
Money, capital and interest......Page 161
Order versus disorder......Page 191
Conclusion......Page 219
Bibliography......Page 224
Author index......Page 231
Subject index......Page 233
