Transnational Corporations in a Global Monetary Theory of Production: A World-Systems Perspective

Journal of World-Systems Research, Vol. XVI, No. 2, pp. 246-265, 2010

20 Pages Posted: 19 Apr 2011 Last revised: 26 Apr 2011

See all articles by Marc Pilkington

Marc Pilkington

Université Bourgogne Franche Comté

Date Written: May 1, 2010

Abstract

In this paper, I argue that it is possible to enrich world-systems analysis with a heterodox Keynesian monetary theory of production known as the Theory of Money Emissions, based on the views put forward by the French economist Bernard Schmitt. In the aftermath of the global financial crisis, I aim to rehabilitate and adapt the old Keynesian proposal of an international clearing union to the modern world-system by providing a rationale behind a common world currency and a renewed perspective on money and transnational production.

Keywords: transnational production, world money, bernard schmitt, world-systems

Suggested Citation

Pilkington, Marc, Transnational Corporations in a Global Monetary Theory of Production: A World-Systems Perspective (May 1, 2010). Journal of World-Systems Research, Vol. XVI, No. 2, pp. 246-265, 2010, Available at SSRN: https://ssrn.com/abstract=1639844

Marc Pilkington (Contact Author)

Université Bourgogne Franche Comté ( email )

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