Credit and State Theories of Money: The Contributions of A. Mitchell Innes
L. Randall Wray
Edward Elgar Publishing, Jan 1, 2004 - Business & Economics - 271 pages
In Credit and State Theories of Money, Professor Randy Wray continues and extends the influential tradition established by his path-breaking contribution Money and Credit in Capitalist Economies (1990). The focus in the current book is on the work of A. M
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abstract accept Adam Smith amount ancient argued asset Babylonian Bank of England banker barter bills of exchange bullion capital capitalist credit money central bank century circulation coinage coins commerce commodity commodity money created creation credit money credit theory creditor currency debtor debts and credits denominated deposit depreciation dollar early economic economists Edward Elgar Egypt forms of money government money Hudson important inflation Ingham Innes's interest rates issue Keynes king labour lending liabilities livre loans means of payment measure mediaeval medium of exchange merchants Mesopotamia modern monetary unit money of account nature of money nominal value notes obligations origins of money paid precious metal production promise to pay public institutions purchase reserves Schumpeter silver social relations society store of value supply tallies tally stick taxation taxes theory of money tokens trade transactions transfer treasury tribal unit of account weight wergild Wray