Money as mumeraire: doctrinal aspects and contemporary relevance

At the beginning of the twentieth century, most economists took it for granted that the primary function of money is its role as a medium of exchange and that moneyshould consist of, or be backed by, gold, or silver, or both. This paper discusses three writers--Alexander Del Mar, Georg Knapp, and J...

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Bibliographic Details
Main Authors: Joseph Aschheim, George S. Tavlas
Format: Article
Language:English
Published: Associazione Economia civile 2012-04-01
Series:PSL Quarterly Review
Subjects:
Online Access:https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/9873