Money Makes the World Go Round: Über die Verselbständigung der Geldsphäre und andere Mißverständnisse

The mticle critizises the marxist thesis, that the monetary system has been broken frcc from the real economic sphere. But the authors agree that there are quantitative and qualitative new developments in the financial markets, particularly since the Bretton-Woods-system has col!apsed. These developments are described and analysed. lt is discussed, if these changcs threaten the stability of the economic system. The mticle concludes with some proposals for a new monetary policy