[La monnaie comme dispositif de coordination d’une économie marchande décentralisée. Lectures actuelles et anciennes, françaises et russes de Marx. Partie 2. Théorie monétaire sans théorie de la valeur]"> [La monnaie comme dispositif de coordination d’une économie marchande décentralisée. Lectures actuelles et anciennes, françaises et russes de Marx. Partie 2. Théorie monétaire sans théorie de la valeur]">
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Money as a coordinating device of a commodity economy: old and new, Russian and French readings of Marx. Part 2. The theory of money without the theory of value
[La monnaie comme dispositif de coordination d’une économie marchande décentralisée. Lectures actuelles et anciennes, françaises et russes de Marx. Partie 2. Théorie monétaire sans théorie de la valeur]

Author

Listed:
  • Nenovsky, Nikolay
Abstract
We focus on some original approaches so as to find a solution to the “coordination problem” of the decentralised commodity economy in the different interpretations (and refutations) of Marx, stressing the central role of money. We reconstruct in a comparative perspective the approaches of two contemporary French scholars, Jean Cartelier and André Orléan and of two Russian economists, Isaak Rubin and Peter Struve who worked in the beginning of the last century. Our reconstruction starts with Marx although other approaches are also possible. Each of the four scholars under review offered his own methods of solving the issue of coordination. Although the ideas of the four authors intertwined, we can differentiate between two pairs namely Rubin/Orléan (part 1) and Struve/Cartelier (part 2). This corresponds to the radicality of their analytical solutions. While the former pair upheld the theory of value (each one in his own way), the latter actually eliminated it (again each one in his own way).

Suggested Citation

  • Nenovsky, Nikolay, 2019. "Money as a coordinating device of a commodity economy: old and new, Russian and French readings of Marx. Part 2. The theory of money without the theory of value [La monnaie comme dispositif de coor," Revue de la Régulation - Capitalisme, institutions, pouvoirs, Association Recherche et Régulation, vol. 26.
    • Handle: RePEc:rvr:journl:2019:15991
    DOI: 10.4000/regulation.15991
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    Cited by:

    1. Nikolay Nenovsky, 2020. "The Theory of the Emission Economy Bolshevik roots of "Modern Monetary Theory"," Working Papers hal-04084551, HAL.

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    More about this item

    Keywords

    French Monetary Institutionalism; theory of money; Karl Marx; Isaak Rubin; Peter Struve; André Orléan; Jean Cartelier;
    All these keywords.

    JEL classification:

    • B5 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches
    • B14 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Socialist; Marxist
    • E11 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Marxian; Sraffian; Kaleckian

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