EN
The analysis presented in the article is focussed on the role of money and money policy in capitalise, understood in the sense of possibilities and general effectiveness of the influence of money and money policy on economic proceenes in capitalism. The author's attention is concentrated on the influence of monetary processes on real economic processes, with their impact on inflationary procesees being treated in a marginal way. These problems are analyzed against the background of selected theories of the bourgeois economy, and namely: traditional neoclasicism , Keynesian есопощу, concept of "Pigou effect” , and monetarism. The analysis reveals a considerable divergence of views on the analyzed question, which - in the author's opinion - should be attributed both to the level of scientific cognition represented in these theories and the adopted ideological standpoint.