October 2023
Intermediate to advanced
220 pages
8h 55m
English
Content preview from Money Has No Value
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Chapter Seven Money Today
1 Is It Money?
As we have seen, most thinking about political economy has been dominated by historically incorrect or, at best, impoverished theories of money. This basic reality often makes it difficult to figure out if something is or is not money. The legacy of functionalism continues to enfeeble not only explicit theories of money but also even the best work on money markets and contemporary money practices. The former fail to push past the frontline empirical questions in order to explore more deeply the complicated nature of money. The latter frequently limit their contributions by resting comfortably with standard definitions of money as given in economics textbooks, or by simply assuming that all things ...
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