The Banking School and the monetary thought of Karl Marx
揭示马克思的货币理论受银行学派影响,并指出其通过分析货币形式与功能、资本再生产模型,为反货币数量论传统提供了理论基础。
Karl Marx's opposition to the quantity theory of money, the distinction he drew between fiat and credit money, and the emphasis he laid on money hoard formation all reveal the influence of the Banking School. His own monetary work, however, provided important theoretical foundations, which the anti-quantity theory tradition lacked. First, Marx elaborated the close connection between forms and functions of money. Second, his analysis of capitalist reproduction provided a model for the continuous redivision of the money stock into a circulating and a hoarded part. This work supported the claim that determination runs from prices to money and not vice versa. (c) 1994 Academic Press, Inc. Copyright 1994 by Oxford University Press.