CONTENTS

Preface

Introduction

Part One

The Marxist Theory of Money

A.A “General” Theory of Money

B.A “Complete” Theory of Money

a.Money, Measure of Value

b.Money, Medium of Circulation

c.Money, Instrument of Hoarding

1.Hoarding

2.Money as “Means of Payment” and “Universal Money.”

d.Money and Social Power

Table of the Forms of Money

Part Two

Money and Capitalism

I.The Financing of Capitalist Production

A.Money and the Capital Cycle

B.Money and Reproduction of the Social Product

a.The Circulation of Surplus Value

b.The Financial Requirements for Equilibrium

II.Credit: Structures and Cycle

A.The Structures of Credit

a.A Monetary Theory of Credit

1.Marx’s Method

2.“Credit Money”

b.A Unitary Concept of Credit

1.Unity of Capital Markets and of the Rate of Interest

2.Induction of the Financial Circuits

The Banks

The Balance of Payments and the “Demand for World Money.”

B.Credit and Business Cycle

a.The Financial Cycle

b.The Crisis and the Credit System

c.Banking Policy and Money Power

Postscript to the Second Edition

Notes and References