MARXIANOMICS

A small tribute from an aspiring pupil [Last update: January 6th, 2025] Augusto Graziani passed away eleven years ago. Alongside Pierangelo Garegnani, Paolo Sylos-Labini, and Luigi Pasinetti, Graziani is arguably one of<a class="moretag" href="https://www.marcopassarella.it/en/the-theory-of-the-monetary-circuit/">Read More...</a>

…in an input-output stock-flow consistent dynamic model Download here the presentations slides

A reply to the critics of the theory of the monetary circuit Introduction A recent, valuable, contribution by Sergio Cesaratto, Sei lezioni sulla moneta [Six lessons on money], gives me the opportunity<a class="moretag" href="https://www.marcopassarella.it/en/sequence-and-class-divide/">Read More...</a>

JUST2CE Project, WP5 Seminar Series, June 10, 2022. Download the presentation slides.

You can find here the material I am using in the next conferences I am participating in (STOREP, ESEE, EAEPE, and FMM) during the Summer-Fall 2022. 1. Circular economy innovations in an<a class="moretag" href="https://www.marcopassarella.it/en/money-creation-and-circular-economy/">Read More...</a>

[Italian only] Primo Maggio a Lari (PI), Festa Rossa, 2022. Vai il video del Red Talk (su YouTube)

Workshop organised by Sottosopra, Friday 8th April 2022, Milan. Download the presentation slides Download the model Watch the video (on YouTube)

…the elephant in the room [Italian only] “L’inflazione è sempre e ovunque un fenomeno monetario” – così ammoniva Milton Friedman nella sua celebre Storia monetaria degli Stati Uniti (1867-1960), scritta a quattro<a class="moretag" href="https://www.marcopassarella.it/en/inflation-class-struggle-is/">Read More...</a>

The aim of this paper is twofold. First, it shows how a standard stock-flow consistent model (SFCM) can be modified to embed some fundamental insights from Graziani’s theory of monetary circuit (TMC).<a class="moretag" href="https://www.marcopassarella.it/en/it-is-not-la-vie-en-rose/">Read More...</a>