| spelling |
oapen-20.500.12657-241782024-03-22T19:23:18Z Money and Exchange Fayazmanesh, Sasan monetary theory relations commodity non-money commodities walrass indirect walrasian general thema EDItEUR::K Economics, Finance, Business and Management::KC Economics thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCA Economic theory and philosophy thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCZ Economic history thema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management Whether a theoretical system is realistic or not has been a concern in economics, particularly in monetary theory, over the past century. Following John R. Hicks’ proposal that a realistic monetary theory could be constructed along an evolutionary path, starting with the workings of a real market, this volume considers whether we can look to the medieval economy as the point of departure. Drawing upon the work of Aristotle, scholastic economists, Adam Smith, Karl Marx, William Stanley Jevons, Léon Walras and many modern monetary theorists, this intriguing book provides a critical analysis of some basic theories of monetary analysis. Concentrating primarily on certain fundamental building blocks it covers: the theory and mathematical properties of barter and monetary relations the distinction between barter and monetary relations and money and non-money commodities the concept of exchange as an equation, and the notion of the exchange relation as a relation of equality. This groundbreaking study dispels some of the old myths and conjectures concerning money and exchange and opens up the way for the development of new approaches, both realistic and evolutionary, of interest to researchers and students of the history of monetary theory and economic thought. 2019-11-21 15:38:26 2020-04-01T09:48:04Z 2020-04-01T09:48:04Z 2006 book 1005953 OCN: 1135846443 9780415299749;9780415655637;9781134423194;9781134423187;9781134423149 http://library.oapen.org/handle/20.500.12657/24178 eng Routledge Studies in the History of Economics application/pdf Attribution-NonCommercial-NoDerivatives 4.0 International 1005953.pdf https://www.taylorfrancis.com/books/9781134423194 Taylor & Francis 10.4324/9780203965580 10.4324/9780203965580 7b3c7b10-5b1e-40b3-860e-c6dd5197f0bb 9780415299749;9780415655637;9781134423194;9781134423187;9781134423149 open access
|
| description |
Whether a theoretical system is realistic or not has been a concern in economics, particularly in monetary theory, over the past century. Following John R. Hicks’ proposal that a realistic monetary theory could be constructed along an evolutionary path, starting with the workings of a real market, this volume considers whether we can look to the medieval economy as the point of departure. Drawing upon the work of Aristotle, scholastic economists, Adam Smith, Karl Marx, William Stanley Jevons, Léon Walras and many modern monetary theorists, this intriguing book provides a critical analysis of some basic theories of monetary analysis. Concentrating primarily on certain fundamental building blocks it covers: the theory and mathematical properties of barter and monetary relations the distinction between barter and monetary relations and money and non-money commodities the concept of exchange as an equation, and the notion of the exchange relation as a relation of equality. This groundbreaking study dispels some of the old myths and conjectures concerning money and exchange and opens up the way for the development of new approaches, both realistic and evolutionary, of interest to researchers and students of the history of monetary theory and economic thought.
|
