The Nature of Money in Modern Economy – Implications and Consequences, by: Stephen Zarlenga and Robert Poteat --

Jack Reardon ()
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Jack Reardon: Chief Editor IJPEE (International Journal of Pluralism and Economics Education)

Journal of King Abdulaziz University: Islamic Economics, 2016, vol. 29, issue 2, 95-99

Abstract: I applaud the authors’ objective to “encourage economists to understand they have a most important part to play in solving this great problem for humanity”, (p. 71) which is, as the authors state in their opening paragraph, the “nature of money” (p.57). I applaud the authors for disseminating these views, as well as resuscitating debate on the Chicago Plan, which deserves serious debate. If economists are to understand our current problems, we must look to our history for policies and theories that for whatever reason were discarded or jettisoned. And at the very least, an emphasis on the history of economic thought (and economic theory) underscores that economics is by no means teleological (Dow, 2009, 48). --

Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:abd:kauiea:v:29:y:2016:i:2:no:7:p:95-99

DOI: 10.4197/Islec.29-2.7

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