Tomorrow will mark the second anniversary of Augusto Graziani‘s passing. Graziani has been one of the most eminent Italian economists of the Twentieth century. He was the founding father of the (Italian school of the) monetary circuit theory. As a tribute to him, I upload here the preliminary draft of a recent (Italian) article of mine on monetary circuit theory, Marxian critique, and financialisation. For the most sophisticated aspects of the monetary circuit theory, I refer you to another article forthcoming on Metroeconomica.

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