The aim of this paper is to examine the proposition that the monetary reform movement has correctly identified the central importance of money‐issue whilst, simultaneously, not appreciated the sophistication of previous monetary theorists.
The Classical, Keynesian and Marxian monetary traditions are explored within the context of the views of the monetary reformers, as espoused by Stephen Zarlenga of the American Monetary Institute.
The monetary reform movement has presented a far too simplistic view of previous monetary theorists yet identified an underdeveloped arena for research.
The development of understanding towards a state theory of money.
The paper contributes to theoretical knowledge regarding the political economy of money creation.
Mouatt, S. (2008), "Evaluating Stephen Zarlenga's treatment of historical monetary thought", International Journal of Social Economics, Vol. 35 No. 11, pp. 846-856. https://doi.org/10.1108/03068290810905450Download as .RIS
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