Property Rights on Credit and State Control of Money: The Irrelevance of the Origin of Money

Gerasimos Soldatos

The Economists' Voice, 2018, vol. 15, issue 1, 5

Abstract: Looking briefly at the anthropological and sociological findings regarding the emergence of money in primordial times, and at the relationship between money and the state in historical times after the emergence of money, this article makes the point that credit money is associated with externalities justifying state intervention even if money did not emerge as debt money. The extent of state intervention is eventually a political matter given that money is needed in addition to finance public goods.

Keywords: Origin of money; state control of money; property rights on credit money (search for similar items in EconPapers)
JEL-codes: A12 D62 D80 E02 E50 O10 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (1)

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DOI: 10.1515/ev-2018-0031

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