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There is a really fine essay on Keynes' theory of money in Victoria
Chick's Macroeconomics after Keynes (The MIT Press, 1983). Chick quite
honestly and acutely explores the problems in Keynes' theory of money
while trying to defend and nuance it.
It seems to me just the kind of essay that Marx would have called attention
to in order to demonstrate the limits of even the best attempts within
bourgeois economics to understand money. I don't remember if Martha deals
with this essay in her essay on Marxian and Keynesian theories of money.
Has anyone read it? Any thoughts?
Yours, Rakesh
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