Abstract
The teachings of the great economists of the past have a direct influence on the recent theory of monetary emissions, which draws from the theoretical developments of the classics, the neoclassics, and Keynes. It is also a theory with its own internal consistency, reason for which it stands as a new theoretical tool through which economic phenomena can be observed. This chapter deals with the study of national economics through new lenses. Issued as a nominal means of payment, money acquires a positive purchasing power through production and is thus transformed into real money. Consumption, on the other hand, implies the expenditure of a purchasing power, which is thus destroyed to the extent that its expenditure covers the costs of purchased output. New light is shed on the payment of wages and the formation of profit.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Quesnay, F. (1758). Tableau oeconomique. British Economic Association. English translation by Meek, R. I. (1963). The economics of physiocracy: Essays and Translations. Harvard University Press.
Schmitt, B. (1966). Monnaie, salaires et profits. Presses Universitaires de France. Printed in 1975 at Albeuve: Castella.
Schmitt, B. (1975). Théorie unitaire de la monnaie, nationale et internationale. Castella.
Schmitt, B. (1998). Le chômage et son éradication. University of Fribourg. Mimeo.
Schmitt, B. (2021). Inflation, unemployment and capital malformations. Routledge. English translation by Xavier Bradley and Alvaro Cencini of B. Schmitt (1984a) Inflation, chômage et malformations du capital. Castella.
Wicksell, K. (1898). Interest and prices. Augustus M. Kelley. Printed in 1965.
Author information
Authors and Affiliations
Corresponding author
Rights and permissions
Copyright information
© 2024 The Author(s), under exclusive license to Springer Nature Switzerland AG
About this chapter
Cite this chapter
Carrera, A., Cencini, A. (2024). The Theory of Monetary and Real Emissions. In: National and International Monetary Payments. Palgrave Studies in the History of Economic Thought. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-031-51737-2_5
Download citation
DOI: https://doi.org/10.1007/978-3-031-51737-2_5
Published:
Publisher Name: Palgrave Macmillan, Cham
Print ISBN: 978-3-031-51736-5
Online ISBN: 978-3-031-51737-2
eBook Packages: Economics and FinanceEconomics and Finance (R0)