October 2023
Intermediate to advanced
220 pages
8h 55m
English
Content preview from Money Has No Value
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Chapter Four Money Theories Today
The previous two chapters aimed to map the matrix of money theories in broad terms, and then to locate a thoroughgoing credit theory of money on that matrix (or slightly off it, as the case may be). The goal was to give the reader a wider sense of the diversity of historical theories of money, and then to use that context to provide clarifying contrast for the particular flavor of credit theory I am beginning to propound. While surveying a broad range of thinkers and theories, and in an attempt to make the previous presentation as lucid and succinct as possible, I have largely eschewed engagement with contemporary debates – both theoretical and practical, as Schumpeter might say. This chapter turns to the ...
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