In Money, Income and Time, Alvaro Cencini examines how money has
been alternatively defined as a commodity and as the general
equivalent of all commodities to be, subsequently, identified with
the concept of numeraire, and, finally, reduced to the actual
notion of credit. To better clarify the terms of the problem, the
writer analyses it through the main theories of money which have
been developed since the works of the classical economist. The book
does not take the form of a history of economic doctrines, however,
since its aim is at the same time less ambitious and more precise,
that is defining the true nature of money through a critical and
synthetic appraisal of its various analyses.
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