Abstract

CHRAKI, Fahd Boundi. Value and money in Marx. Rev.econ.inst. [online]. 2018, vol.20, n.38, pp.97-127. ISSN 0124-5996.  https://doi.org/10.18601/01245996.v20n38.05.

The aim of this paper is to examine the link between Marx's monetary theory and its explanation of value, production and circulation. For this, it presents the basic theoretical elements that allow a critique of the quantitative theory, the Chartalist conception of the genesis of money and the post-Keynesian theory of endogenous money. Then, from a Marxist perspective, it analyzes the controversial relationship between the monetization of public debt and the increase in the general level ofprices.

JEL: B14, B24, E4.

Keywords : value; money; monetization.

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