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He also produced a truly scientific theory of money and money circulation in the capitalist economy.
From approximately the 10th century onwards, new networks of exchange developed including the formation of trade guilds and a resurgence of money circulation.
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The amount of money in circulation hugely increased in this period; before the Norman invasion there had been around £50,000 in circulation as coin, but by 1311 this had risen to more than £1 million.
He attributed much of the recent rise in global commodity prices to excess money in circulation.
A brisk boom is under way, stimulated by the money in circulation.
Accumulation-by-dispossession is one way to get that money into circulation as capital.
Trapped in the euro, Greece can neither devalue nor increase the money in circulation.
In consequence, prices will tend to change proportionately with the quantity of money in circulation.
The bank will withdraw as much money from circulation as it adds by buying bonds.
When the Treasury spends, it adds to the supply of money in circulation.
They should pay more taxes and put more money in circulation.
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