Grundlagen Geldkurs

Julia und Rudi treffen sich in der 54. Folge mit Fred Heussner und Rike Reimer aus dem Netzwerk Plurale Ökonomik. Sie sprechen über die Entstehung, die Ziele und die Entwicklung des Projekts und erfahren zudem, wie sowohl die Finanzkrise als auch die Klimakatastrophe die Kritik des Netzwerks über die Zeit beeinflussen und verändern.

This is the second part of the seminar, "A Hard Currency of Politics?". The discussion centers on the "The Currency of Politics" by Stefan Eich and is hosted by the journal European Law Open. Stefan Eich's presentation of his argument starts at minute 7:53. The discussion centers on the historic …

Richard Werner touches on a number of topics in this Odd Lots Podcast episode. As one of the pioneers when it comes to money and credit creation, he gives interesting insights into his early research on this topic. He then explains what he calls the “Quantity Theory of Credit” and is an alternative to the "Quantity Theory of Money".

This paper attempts to clarify how the European economic crisis from 2007 onwards can be understood from the perspective of a Marxian monetary theory of value that emphasizes intrinsic, structural flaws regarding capitalist reproduction. Chapter two provides an empirical description of the European economic crisis, which to some extent already reflects the structural theoretical framework presented in chapter three. Regarding the theoretical framework Michael Heinrich's interpretation of 'the' Marxian monetary theory of value will be presented. Heinrich identifies connections between production and realization, between profit and interest rate as well as between industrial and fictitious capital, which represent contradictory tendencies for which capitalism does not have simple balancing processes. In the context of a discussion of 'structural logical aspects' of Marx's Critique of the Political Economy, explanatory deficits of Heinrich's approach are analyzed. In the following, it is argued that Fred Moseley's view of these 'structural logical aspects' allows empirical 'applications' of Marxian monetary theories of value. It is concluded that a Marxian monetary theory of value, with the characteristics of expansive capital accumulation and its limitations, facilitates a structural analysis of the European economic crisis from 2007 onwards. In this line of argument, expansive production patterns are expressed, among other things, in global restructuring processes, while consumption limitations are mitigated by expansive financial markets and shifts in ex-port destinations.