> In Marx there are barbaric and civilized forms of the love of money as a
> possession. The most civilized form uses surplus extraction from the
> labour process to convert M into M'. In conditions of panic, however,
> there is a psychological reversion to the barbaric form. This is what
> Marx means by the claim that aspects of the "monetary" and "mercantilist"
> systems of political economy remain valid in mature industrial
> capitalism, a fact ignored, he claims, by the classical political economy
> of e.g. Ricardo which is, therefore, unable to understand "monetary
> crises."
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As Ricardo was a stock broker worth over 100million [in today's $] when he died, it's hard to see how he didn't understand monetary crises such as the Bullion controversy.....