Fiat versus Representative Money under Debate, or How Right Keynes Was Once (!)
The applied economics understands the concept of money nearly exclusively through the quantitative theory, which certainly remains one of the greatest theories in this topic area. On the other hand, the history of money – be it old or contemporary -- finds two other “nonquantitative” theories as mor...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
General Association of Economists from Romania
2011-05-01
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| Series: | Theoretical and Applied Economics |
| Subjects: | |
| Online Access: |
http://store.ectap.ro/articole/589.pdf
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| _version_ | 1819268526769176576 |
|---|---|
| author | Liviu C. ANDREI |
| author_facet | Liviu C. ANDREI |
| author_sort | Liviu C. ANDREI |
| collection | DOAJ |
| description | The applied economics understands the concept of
money nearly exclusively through the quantitative theory, which certainly
remains one of the greatest theories in this topic area. On the other hand,
the history of money – be it old or contemporary -- finds two other “nonquantitative”
theories as more relevant in the respect that they are able
to “cover” this history – these are representative and fiat money. Then,
there comes the interesting point: this history “covered”, meaning a full
explaining of facts would be made by the two theories and images of the
same money just “together”—which is impossible in basic good sense
terms, as money (as anything else) cannot be real and fictitious value in
the same time. |
| first_indexed | 2024-12-23T21:34:28Z |
| format | Article |
| id | doaj.art-36a129702bb349148ac237e1ed3382c2 |
| institution | Directory Open Access Journal |
| issn | 1841-8678 1844-0029 |
| language | English |
| last_indexed | 2024-12-23T21:34:28Z |
| publishDate | 2011-05-01 |
| publisher | General Association of Economists from Romania |
| record_format | Article |
| series | Theoretical and Applied Economics |
| spelling | doaj.art-36a129702bb349148ac237e1ed3382c22022-12-21T17:30:20ZengGeneral Association of Economists from RomaniaTheoretical and Applied Economics1841-86781844-00292011-05-01XVIII5455818418678Fiat versus Representative Money under Debate, or How Right Keynes Was Once (!)Liviu C. ANDREI0 National School of Political Studies and Public Administration, Bucharest The applied economics understands the concept of money nearly exclusively through the quantitative theory, which certainly remains one of the greatest theories in this topic area. On the other hand, the history of money – be it old or contemporary -- finds two other “nonquantitative” theories as more relevant in the respect that they are able to “cover” this history – these are representative and fiat money. Then, there comes the interesting point: this history “covered”, meaning a full explaining of facts would be made by the two theories and images of the same money just “together”—which is impossible in basic good sense terms, as money (as anything else) cannot be real and fictitious value in the same time. http://store.ectap.ro/articole/589.pdf fiat moneyrepresentative moneysenioragebarter (and its system)commodity moneyinternational monetary system (IMS)macroeconomicsoptimum currency area (OCA)economic theory |
| spellingShingle | Liviu C. ANDREI Fiat versus Representative Money under Debate, or How Right Keynes Was Once (!) Theoretical and Applied Economics fiat money representative money seniorage barter (and its system) commodity money international monetary system (IMS) macroeconomics optimum currency area (OCA) economic theory |
| title | Fiat versus Representative Money under Debate, or How Right Keynes Was Once (!) |
| title_full | Fiat versus Representative Money under Debate, or How Right Keynes Was Once (!) |
| title_fullStr | Fiat versus Representative Money under Debate, or How Right Keynes Was Once (!) |
| title_full_unstemmed | Fiat versus Representative Money under Debate, or How Right Keynes Was Once (!) |
| title_short | Fiat versus Representative Money under Debate, or How Right Keynes Was Once (!) |
| title_sort | fiat versus representative money under debate or how right keynes was once |
| topic | fiat money representative money seniorage barter (and its system) commodity money international monetary system (IMS) macroeconomics optimum currency area (OCA) economic theory |
| url |
http://store.ectap.ro/articole/589.pdf
|
| work_keys_str_mv | AT liviucandrei fiatversusrepresentativemoneyunderdebateorhowrightkeyneswasonce |