Money: Ontology and Deception

John R Searle

Cambridge Journal of Economics, 2017, vol. 41, issue 5, 1453-1470

Abstract: Money is a status function. This article works out the implications and consequences of that fact. There are ten functions and features of money and a number of common mistakes and deceptions in the institution of money. The most important of deceptions is the illusion that money, in order to function, must be ‘backed by’ something.

Keywords: Ontology; Money; Status function (search for similar items in EconPapers)
Date: 2017
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