Augusto Graziani (4 May 1933 – 5 January 2014)
ilmattino
retrieved 6th Jan 2013 was an Italian economist
An economist is a professional and practitioner in the social sciences, social science discipline of economics.
The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this ...
, Professor in Political Economy
Political economy is the study of how Macroeconomics, economic systems (e.g. Marketplace, markets and Economy, national economies) and Politics, political systems (e.g. law, Institution, institutions, government) are linked. Widely studied ph ...
at University la Sapienza
The Sapienza University of Rome ( it, Sapienza – Università di Roma), also called simply Sapienza or the University of Rome, and formally the Università degli Studi di Roma "La Sapienza", is a public research university located in Rome, Ita ...
, most known for his contribution to monetary economics
Monetary economics is the branch of economics that studies the different competing theories of money: it provides a framework for analyzing money and considers its functions (such as medium of exchange, store of value and unit of account), and it ...
in founding monetary circuit theory
Monetary circuit theory is a heterodox theory of monetary economics, particularly money creation, often associated with the post-Keynesian school.
It holds that money is created endogenously by the banking sector, rather than exogenously by cent ...
.
See also
* Endogenous money
Endogenous money is an economy’s supply of money that is determined endogenously—that is, as a result of the interactions of other economic variables, rather than exogenously (autonomously) by an external authority such as a central bank.
T ...
Further reading
Brief biography
* Philip Arestis, Malcolm C. Sawyer, ''A biographical dictionary of dissenting economists''
"Augusto GRAZIANI" (biography)
pp. 254–263.
* Augusto Graziani, "The theory of the monetary circuit", ''Economies et Societes'', vol. 24, n°. 6, pp. 7‐36 (1990).
* Augusto Graziani, "The theory of the monetary circuit", in ''The money supply in the economic process: a post Keynesian perspective'', vol. 60, eds M. Musella and C. Panico, Elgar Reference Collection, International Library of Critical Writings in Economics, Aldershot, U.K. (1995)
* Augusto Graziani
"The Marxist Theory of Money"
''International Journal of Political Economy
The ''International Journal of Political Economy'' is a peer-reviewed academic journal that publishes scholarly research on political economics. The journal was formerly published as ''International Journal of Politics''. Many of the articles are E ...
'', vol. 27, n° 2, ''Marxian Theory: The Italian Debate'' (Summer, 1997), pp. 26–50.
* Augusto Graziani
''The Monetary Theory of Production''
Cambridge University Press, Cambridge, UK (2003).
References
{{DEFAULTSORT:Graziani, Augusto
Monetary economists
Italian economists
Post-Keynesian economists
1933 births
2014 deaths