Banking and Financial Circuits and the Role of the State
Edited by Louis-Philippe Rochon and Mario Seccareccia
Chapter 4: Time of production, time of circulation and turnover time: exploring the guts of Marx’s circuits of capital
The vision of capitalism of Alain Parguez is first and foremost of a monetary production system. In the work of Parguez, this vision manifests as a crystal clear depiction of capitalism’s systemic drive for profits and wealth – forever-increasing market share and rising value of assets. This is reminiscent of Marx and Keynes, of course, but Parguez recalls them not only in terms of analytical substance, but rhetorically and stylistically. In particular, Parguez’s voice can be at turns dramatic, acerbic, satirical and humorous. I first had the opportunity to meet Alain Parguez at the ‘Money in Motion’ conference that brought together scholars working broadly in the post-Keynesian and monetary circuit traditions, held at the Levy Economics Institute in 1990 (Deleplace and Nell 1996). At the time, I was a graduate student at the New School for Social Research, assisting my professor, Edward Nell, in organizing the conference.
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.