Theee talks on monetary theory

Abstract

The article examines critically three major theoretical approaches to monetary t h e o ry: the quantity theory of money, Keyne’s theory of money and Marx ’s t h e o ry of money. In each case the aim is to look at the philosophical and conceptual bases of the theories rather than at sophisticated elaborations or applications of them.

Keywords

• marx’s theory of money
• keynes’ monetary theory
• the quantity theory of money