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The Money Economy
Author(s) -
Steele G. R.
Publication year - 1998
Publication title -
american journal of economics and sociology
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.199
H-Index - 38
eISSN - 1536-7150
pISSN - 0002-9246
DOI - 10.1111/j.1536-7150.1998.tb03377.x
Subject(s) - speculation , economics , trustworthiness , relevance (law) , context (archaeology) , keynesian economics , interest rate , monetary economics , monetary policy , quantity theory of money , division of labour , bond , macroeconomics , market economy , finance , law , computer security , computer science , political science , paleontology , biology
A bstract A trustworthy monetary system is necessary to support the division of labor and extended trading relationships. In the context of classical economics and of Keynes’macroeconomics, the origin of pervasive economywide problems have been traced to monetary disturbances. The relevance (to interest rate theory) of the market for credit and of bond price speculation is critical to judging the plausibility of those rival theories.