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The Commodity Nature of Money in Marx’s Theory

In: Marx’s Theory of Money

Author

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  • Claus Germer

Abstract

Marx’s theory of money has become a growing subject of debate in recent years. A crucial point in the discussion deals with the physical nature of money: that is, whether or not money must be a commodity within this theory. A significant number of contemporary Marxist authors defend the point of view that Marx’s theory is compatible with non-commodity forms of money (Lipietz 1983; Foley 1986; Reuten 1988). Nonetheless it is important to note that these authors have not been able to demonstrate their position based on textual evidence from Marx’s work.

Suggested Citation

  • Claus Germer, 2005. "The Commodity Nature of Money in Marx’s Theory," Palgrave Macmillan Books, in: Fred Moseley (ed.), Marx’s Theory of Money, chapter 1, pages 21-35, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-52399-9_2
    DOI: 10.1057/9780230523999_2
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    Cited by:

    1. Francisco Paulo Cipolla, 2018. "The Mechanism of Relative Surplus Value," Review of Radical Political Economics, Union for Radical Political Economics, vol. 50(1), pages 116-135, March.

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