Marxist Monetary Theory

Costas Lapavitsasis is Professor of Economics at SOAS. He has published widely on money and finance, the Japanese economy, and the Eurozone. He writes often for the international press and his most recent books are Profiting Without Producing (Verso, 2013) and Against the Troika (Verso, 2015, with H. Flassbeck).

• Preface1. Money as Art: The Form, the Material, and CapitalPART I: THE FORMS, THE FUNCTIONS AND THE QUANTITY OF MONEY2. The Theory of Credit Money: A Structural Analysis3. The Banking School and the Monetary Thought of Karl Marx4. The Classical Adjustment Mechanism of International Balances: Marx’s Critique5. Money and the Analysis of Capitalism: The Significance of Commodity MoneyPART II: CREDIT, INTEREST-BEARING CAPITAL, AND THE HOARDING OF MONEY6. Two Approaches to the Concept of Interest-Bearing Capital7. On Marx’s Analysis of Money Hoarding in the Turnover of CapitalPART III: THE ORIGIN OF MONEY AND THE NATURE OF COMMODITIES8. Commodities and Gifts: Why Commodities Represent More than Market Relations9. The Emergence of Money in Commodity Exchange, or Money as Monopolist of the Ability to Buy10. The Social Relations of Money as Universal Equivalent: A Response to InghamPART IV: THE COMPLEX REALITY OF CONTEMPORARY MONEY11. Relations of Power and Trust in Contemporary Finance12. The Monetary Basis of Financialised CapitalismBibliographyIndex