Monetary Surrogates and Money’s Dual Nature

David M. Woodruff

Chapter 6 in Financial Crises and the Nature of Capitalist Money, 2013, pp 101-123 from Palgrave Macmillan

Abstract: Abstract One of the many fruitful notions of Geoffrey Ingham’s The Nature of Money is that of ‘monetary space’. ‘Monetary space’ is defined by money of account in terms of which debts are contracted and discharged and all transactions are conducted. … [M]onetary space is the site, or field, of potential transactions that may be conducted under specific monetary conditions — that is to say, monetary space is sovereign space. (Ingham 2004, p. 71)

Keywords: Moral Dilemma; Coercive Power; Price Rigidity; Official Currency; Nominal Rigidity (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-30295-3_7

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DOI: 10.1057/9781137302953_7

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