From gold money to fictitious money

ABSTRACT In the nineteenth century, money appear primarily as gold. In the twenty-first century, it appears as strictly fiduciary money. It is known that Marx said very clearly that the golden money was the effective basis of the monetary and credit system. Had the historical development finally sho...

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Main Author: ELEUTÉRIO F. S. PRADO
Format: Article
Language:English
Published: Editora 34 2016-03-01
Series:Brazilian Journal of Political Economy
Subjects:
Online Access:http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572016000100014&lng=en&tlng=en
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author ELEUTÉRIO F. S. PRADO
author_facet ELEUTÉRIO F. S. PRADO
author_sort ELEUTÉRIO F. S. PRADO
collection DOAJ
description ABSTRACT In the nineteenth century, money appear primarily as gold. In the twenty-first century, it appears as strictly fiduciary money. It is known that Marx said very clearly that the golden money was the effective basis of the monetary and credit system. Had the historical development finally shown that his theory of value and money would be false? Marxists have struggled continually with this problem. This paper tries to show that exist a simple and good answer to this crucial question. It comes just developing a little the dialectics of commodities and money found on Marx's Capital.
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spelling doaj.art-49bf5d2f75dc4362b64c782280cd94f32022-12-21T19:52:46ZengEditora 34Brazilian Journal of Political Economy1809-45382016-03-01361142810.1590/0101-31572016v36n01a02S0101-31572016000100014From gold money to fictitious moneyELEUTÉRIO F. S. PRADOABSTRACT In the nineteenth century, money appear primarily as gold. In the twenty-first century, it appears as strictly fiduciary money. It is known that Marx said very clearly that the golden money was the effective basis of the monetary and credit system. Had the historical development finally shown that his theory of value and money would be false? Marxists have struggled continually with this problem. This paper tries to show that exist a simple and good answer to this crucial question. It comes just developing a little the dialectics of commodities and money found on Marx's Capital.http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572016000100014&lng=en&tlng=endinheiro-ourodinheiro fiduciáriodinheiro fictíciovalor-trabalhocapital financeiro
spellingShingle ELEUTÉRIO F. S. PRADO
From gold money to fictitious money
Brazilian Journal of Political Economy
dinheiro-ouro
dinheiro fiduciário
dinheiro fictício
valor-trabalho
capital financeiro
title From gold money to fictitious money
title_full From gold money to fictitious money
title_fullStr From gold money to fictitious money
title_full_unstemmed From gold money to fictitious money
title_short From gold money to fictitious money
title_sort from gold money to fictitious money
topic dinheiro-ouro
dinheiro fiduciário
dinheiro fictício
valor-trabalho
capital financeiro
url http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572016000100014&lng=en&tlng=en
work_keys_str_mv AT eleuteriofsprado fromgoldmoneytofictitiousmoney