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Marx on the Mid-nineteenth-Century Gold Standard

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  • Laurence Alan Krause

Abstract

In part 5 of the third volume of Capital , Marx analyzed the relationship between the monetary and credit systems in mid-nineteenth-century England. He argued this relationship shaped the complex form that crises took in 1847, 1857, and 1867, as well as the contradictory role and effectiveness of the Bank of England in managing those crises.

Suggested Citation

  • Laurence Alan Krause, 2017. "Marx on the Mid-nineteenth-Century Gold Standard," Review of Radical Political Economics, Union for Radical Political Economics, vol. 49(4), pages 574-581, December.
    • Handle: RePEc:sae:reorpe:v:49:y:2017:i:4:p:574-581
    DOI: 10.1177/0486613417707563
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    References listed on IDEAS

    as
    1. Kindleberger, Charles P., 1993. "A Financial History of Western Europe," OUP Catalogue, Oxford University Press, edition 2, number 9780195077384.
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    More about this item

    Keywords

    Marxist economics; gold standard; Bank of England; credit system;
    All these keywords.

    JEL classification:

    • B14 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Socialist; Marxist
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • N13 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: Pre-1913

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