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 Post subject: Re: Money – the “real community”
PostPosted: Mon Sep 02, 2013 2:50 pm 
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Is there anything more absurd, for instance, than the Bank of England (1797 to 1817) — whose notes have credit only thanks to the state — taking payment from the state, i.e., from the public, in the form of interest on government loans, for the power granted it by the state to transform these same notes from paper into money and then to lend it back to the state?

http://www.marxists.org/archive/marx/wo ... 3/ch33.htm


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 Post subject: Re: Money – the “real community”
PostPosted: Wed Sep 11, 2013 8:45 am 
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2 possibly interesting books

- The history of currency, 1252 to 1894 (by W.A Shaw)

Being an Account of the Gold and Silver Moneys and Monetary Standards of Europe and America, together with an Examination of the effects of Currency and Exchange Phenomena on Commercial and National Progress and Well-being

online:

http://www.gutenberg.org/files/38381/38 ... 8381-h.htm



(though it seems W.A.Shaw liked bimetallism http://archive.org/details/proposalforsyste00shawrich) Other of his books aren't online:

Currency, credit and the exchanges, during the great war and since (1914-26) more particularly with reference to the British Empire

The theory and principles of central banking, with special reference to the working of the Bank of England and of the Federal Reserve System of the United States



- Wages and Currency: Global Comparisons from Antiquity to the Twentieth Century (2007)

see the google preview

http://socialhistory.org/en/collections ... d-currency


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 Post subject: Re: Money – the “real community”
PostPosted: Sat Nov 16, 2013 11:59 pm 
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It would be interesting to check out some of the press at the time on the decision of Nixon to end the dollar convertibility. The NY Times archives gives you at best only the first sentences, so if possible other papers should be checked.

http://select.nytimes.com/gst/abstract. ... 5F458785F9

HAMBURG, West Germany, Aug. 29 (Reuters) -- France Finance Minister, Valery Giscard d'Estaing, has suggested that European currencies be tied to gold.

http://select.nytimes.com/gst/abstract. ... 5F458785F9

TOKYO, Aug. 31 (Reuters) -- Japan would like to see the international monetary system restored to the dollar-gold basis on which it operated before President Nixon suspended the dollar's convertibility to gold. Multilateral parity adjustments would be made to accomplish this, Finance Ministry officials said today.

http://select.nytimes.com/gst/abstract. ... 5F458785F9

MOSCOW, Oct. 8 -- A group of Muscovites, evidently uneasy about the possible impact of the dollar crisis on their lives, have been assured in a public lecture that the Soviet Union is effectively insulated against financial difficulties in the West and would suffer no adverse effect.

http://select.nytimes.com/gst/abstract. ... 5F458785F9

In the current international monetary dispute, among the Group of Ten, whether to devalue the American dollar or to revalue leading currencies of the world, the interests of underdeveloped countries of Asia, Africa and Latin America have been overlooked. They are helplessly watching the uncertain show since they will be affected one way or the other depending upon the settlement of the dispute.

http://select.nytimes.com/gst/abstract. ... 5F458785F9

WASHINGTON -- It might have seemed just another exercise in the mysteries of high finance. But the annual meeting of the International Monetary Fund here last week -- held in an atmosphere of crisis -- was in fact of potential consequence to the working man and his employer all over the world.

http://select.nytimes.com/gst/abstract. ... 5F458785F9

The apparent dispute between the United States and Japan as to whether the yen should be revalued or the dollar devalued (or how much of each) is rather like a fight between one who declares that a meter is greater than a yard and one who insists that a yard is smaller than a meter.


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 Post subject: Re: Money – the “real community”
PostPosted: Sun Mar 02, 2014 4:23 am 
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Money, Banking, and the Economy by James S. Dusenberry, Thomas Mayer and Robert Z. Aliber

I found this book mentioned in soviet literature on money (it has a special chapter "gold as world money").

Also Robert Z. Aliber's (7th edition, 2011) of The New International Money Game insists on this (it ends with a section titled "The role of gold").

Here's a lecture from last year Aliber gave on The Next Financial Crisis?:
http://www.youtube.com/watch?v=c8PLiLviNro


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 Post subject: Re: Money – the “real community”
PostPosted: Wed Mar 19, 2014 11:10 am 
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Klaus Müller has some articles on money (he's probably one of the best Marxists to come out of the DDR) listed here (but they're sadly not online):
http://www.tu-chemnitz.de/wirtschaft/bw ... ueller.php

eg:
Zur sogenannten Demonetisierung des Goldes, in: Wirtschaftswissenschaft, 1980, H. 3, S. 313-328
Nochmals zur Rolle des Goldes und des Papiergeldes im heutigen Kapitalismus, in: Wirtschaftswissenschaft, 1981, H. 4, S. 456-463
Kann das Kreditgeld Wert messen?, in: Wirtschaftswissenschaft, 1982, H. 2, S. 232-240

In general there are many interesting pieces there. He also reviewed the latest work by Haug, which deals with the NML (M.Heinrich) and David Harvey: Fundierte Kritik. Anmerkungen zu W. F. Haug: "Das 'Kapital' lesen. Aber wie?", in: Zeitschrift für marxistische Erneuerung, Nr. 96, 2013, S. 106-113

------------
(another, non-marxist, recommendation:)

Michael Angelo Heilperin:

Aspects of the Pathology of Money
http://books.google.com/books?id=UPr7jcKHl_4C

Studies in Economic Nationalism (with historical reference to Fichte's Der geschlossne Handelsstaat, 1800)
books.google.com/books?id=xk4TTnlIKgkC
http://mises.org/document/5155/Studies- ... ationalism

another work online is
Postwar European inflations, World War I. A study of selected cases.
catalog.hathitrust.org/Record/009076002


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 Post subject: Re: Money – the “real community”
PostPosted: Thu Mar 20, 2014 1:37 pm 
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Why are you still posting here?


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 Post subject: Re: Money – the “real community”
PostPosted: Fri Mar 21, 2014 4:32 am 
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Because they are bitchin'.

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"The thing [calculus] has taken such a hold of me that it not only goes round my head all day, but last week in a dream I gave a chap my shirt-buttons to differentiate, and he ran off with them."

- Friedrich Engels.

Vocatus atque non vocatus Deus aderit.

2x Security Reasons. DANGER DANGER.

Was an Admin when RM was important. Was since confused with Negative Creep for being active.


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 Post subject: Re: Money – the “real community”
PostPosted: Sat May 09, 2015 12:07 pm 
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There is a project for a book with Marxist articles on money which I'm helping to edit now, so feel free to suggest any other really unknown stuff (like non-English).


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 Post subject: Re: Money – the “real community”
PostPosted: Sat Oct 08, 2016 4:22 am 
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Uploads/links to additional materials for that forthcoming book with Marxist essays on money: https://libcom.org/library/furious-gold

If there are suggestions/comments for the book, they can still be taken on board.


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 Post subject: Re: Money – the “real community”
PostPosted: Sun May 07, 2017 12:10 pm 
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Alan Freeman's entry on ‘Money’ (‘Geld’) in the ‘Historisch Kritisch Wörterbuch des Marxismus’ is alright (notably the distinction between fiat and credit money), but he is mistaken with regard to the relevance of the reserve size:
Quote:
Paper money inflation arises, for Marx, only for strict fiat money which stands as a symbol of an actually-existing reserve of money capable of serving as a store of value; in this case, the quantity of the underlying reserve which an individual note represents is given by the strict proportion between the quantity of symbols in circulation, and the size of the reserve.


https://mpra.ub.uni-muenchen.de/6722/1/ ... r_6722.pdf

The reserve size is irrelevant.


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