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Money and its Origins (Paperback)
Loot Price: R1,365
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Money and its Origins (Paperback)
Series: Routledge International Studies in Money and Banking
Expected to ship within 12 - 17 working days
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The concept of the origin of money has been a topic of interest and
discussion to almost all schools of economic thought. However, in
spite of minor differences of interpretation, most views share an
underlying core principal about the rise and origin of money,
implicit in which is the central belief that barter exchange
preceded the money economy. This new book offers a challenge to
this belief, and argues that it is only by making this challenge
that we will be in the position to accurately trace the roots of
money. In an ambitious undertaking, the book has gathered and
classified the major theories of the origin of money and assessed
each at length, before presenting an innovative, alternative
theoretical framework for the formation and the rise of money. It
blends the objections made against the principal explanations of
the origins of money and presents a terminological clarification
between what can or cannot be classified as money. This study has
wide-ranging implications, in terms of both the operation of the
economy and the implementation of monetary policy, and will be of
interest to all those working in the areas of finance, monetary
economics, economic theory and the history of economic thought.
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