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Hardcover The Value of Money Book
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ISBN: 0231146760

ISBN13: 9780231146760

The Value of Money

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Why is money more valuable than the paper on which it is printed? Monetarists link the value of money to its supply and demand, believing the latter depends on the total value of the commodities it circulates. According to Prabhat Patnaik, this logic is flawed. In his view, in any nonbarter economy, the value we assign to money is determined independently of its supply and demand.

Through an original and provocative critique of monetarism,...

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Format: Hardcover

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Business Business & Investing Economics

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