Money, Enterprise and Income Distribution: Towards a macroeconomic theory of capitalism

1st Edition

John Smithin

Published April 15, 2010
Reference - 240 Pages - 32 B/W Illustrations
ISBN 9780415197748 - CAT# RU18771
Series: Routledge Frontiers of Political Economy

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Mainstream neoclassical economics tells us that money is essentially a commodity, has no other social meanings or consequences, and (therefore) exists only as a medium of exchange to lubricate/facilitate barter. This book takes the view that money is definitively a social relation between private persons or legal persons. As such, it is one of the main building blocks of the complex structure of social relations of capitalism itself.


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