International Colloquium Monetary Analysis About "Marchands, Salariat el Capitalistes"

Time: 15-16 April 2010
Venue: Pierre Mendès-France University / Grenoble II, France

In Marchands, salariat et capitalistes (1980), Carlo Benetti and Jean Cartelier propose a monetary analysis of market economies, namely, an analysis wherein money is an integral part of the economic process. As unit of account, money allows economic magnitudes to be expressed. As means of payment (expressed in terms of a unit of account), money allows the transactions involved by such magnitudes to be executed. Unit of account and means of payment are no longer some “functions” added as an afterthought, but the basic properties of any market economy. Such monetary analysis stands in sharp contrast with the usual approach in economics, wherein goods, rather than money, are seen as the point to start any economic analysis. This is the result of an (often implicit) assumption, namely, the nomenclature.

Nonetheless, monetary analysis is shared by only a minority of economists, so that it remains too much unexplored. At the same time, the specific contribution of Marchands, salariat et capitalistes to monetary analysis has not yet been discussed thoroughly, thirty years after its publication. This colloquium aims at examining monetary analysis in general, while being interested in Marchands, salariat et capitalistes in particular.

Papers might address the following topics:

• The nature and role of money, the opposition between the “real” and “monetary” spheres
• Credit, finance, the banking system and the financial markets
• Dependence and the wage relationship
• Value, pricing and distribution within a monetary economy
• Equilibrium, disequilibrium, circulation, crisis and viability
• The philosophical implications of monetary analysis

Other info:

• Conference language is French. Interventions in English and Spanish are also allowed.
• Publication Selected papers will be published within an economic review
• Please send an abstract (500 words) to: remi.stellian@fernuni.ch
• Deadline for abstracts/proposals: 15 October 2009

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