The Dissolution of the Financial State by Mouatt, Simon -- Read -- Imperial Library of Trantor

Index

Cover-Page Half-Title Series Title Copyright Contents Acknowledgments Figures and Tables Acronyms and Abbreviations Preface 1 Market and State

1.1 Introduction 1.2 The Theoretical Argument 1.3 Rationale 1.4 Some General Assumptions 1.5 Financial Power 1.6 Sources of Social Power 1.7 Conclusion

2 A Monetary Economy

2.1 Introduction 2.2 Nature, Issue and Function of Money Systems 2.3 The Origin of Money 2.4 Money Forms 2.5 The Control of Credit Money 2.6 The Value of Money 2.7 Money Measures 2.8 Conclusion

3 The Mainstream View of Money

3.1 Introduction 3.2 The Theory 3.3 Adam Smith (1723–1790) 3.4 David Ricardo (1772–1823) 3.5 Sir James Steuart (1712–1780) 3.6 Leon Walras (1834–1910) and General Equilibrium 3.7 Quantity Theory, Marshall, and Equilibrium Analysis 3.8 Conclusion

4 Heterodox Monetary Traditions

4.1 Introduction 4.2 Keynes, Keynesians and Post-Keynesians 4.3 The French/Italian Circuitists 4.4 The Monetary Reform Movement 4.5 The Islamist Response 4.6 The Austrian School 4.7 Conclusion

5 Marx’s Political Economy

5.1 Introduction 5.2 The Economy in Historical Context 5.3 Capitalist Crisis 5.4 The Labor Theory of Value 5.5 Alienation, Exploitation and Surplus Value 5.6 Competition, Capital Migration and Efficiency 5.7 Transformation Problem and Interpretative Controversy 5.8 The Marxist Theory of Rent 5.9 The Law of the Tendential Fall in the Rate of Profit 5.10 An Illustration of Depreciation and Moral Depreciation 5.11 Conclusion

6 Marx and Money

6.1 Introduction 6.2 The Nature and Function of Money 6.3 The Creation of Money 6.4 The Marxian Theory of the Functions of Money 6.5 The Credit System 6.6 Fictitious Capital and Crisis 6.7 Marx and Monetary Ambiguity 6.8 Conclusion

7 The Financial State

7.1 Introduction 7.2 Notions of Power 7.3 The Control of Financial Resources and Financial Power 7.4 Theories of the State 7.5 The Financial State 7.6 Financial Intermediation 7.7 The International Financial System 7.8 Conclusion

8 The Golden Age of Steam

8.1 Introduction 8.2 The Steam Train Analogy 8.3 The Credit Money System 8.4 The Mainstream View 8.5 The Post-Keynesian View 8.6 The Austrian School 8.7 The Financialization School 8.8 The Temporal Single System Interpretation of Marx 8.9 Conclusion

9 German Monetary Policy

9.1 Introduction 9.2 The Weimar Republic and Third Reich 9.3 Bank Deutscher Länder 1948– 9.4 The Bretton Woods Era to the Neo-liberal Era 9.5 Conclusion

10 UK Monetary Policy

10.1 Introduction 10.2 Historical Context 10.3 UK Monetary Jurisdiction 10.4 Ideological Environment 10.5 The Bretton Woods Era 10.6 Narrow and Broad Money 10.7 The Post-Bretton Woods Era 10.8 Exchange Rate Monetary Value 10.9 Conclusion

11 Capitalist Development

11.1 Introduction 11.2 Different Rates of Profit 11.3 Fixed Asset Measures 11.4 Profit Rates 11.5 Moral Depreciation 11.6 Rentier Incomes 11.7 The Rise of the Nonbanks 11.8 Conclusion

12 Concluding Analysis

12.1 Introduction 12.2 Private Financial Power 12.3 Monetary Theory 12.4 German and UK System Transformation 12.5 The Future

Appendix 1 Appendix 2 Appendix 3 Appendix 4 References Index About the Author