MONEY AS ELECTRICITY

Anne Mayhew

Journal of Cultural Economy, 2011, vol. 4, issue 3, 245-253

Abstract: Morris Copeland created the flow-of-funds accounting that is used by the Federal Reserve System and the financial press to present and explain data on crucial spending changes among various sectors of the US economy. Copeland also argued that it would be more accurate and useful to use electricity rather than water as a metaphor for money and for the accounts that he created. This paper explores Copeland's mid-twentieth-century argument, why it was too radical for most economists when he first presented it, and why it makes sense, particularly in this era of electronic funds, to adopt his full proposal.

Date: 2011
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://hdl.handle.net/10.1080/17530350.2011.586848 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:jculte:v:4:y:2011:i:3:p:245-253

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RJCE20

DOI: 10.1080/17530350.2011.586848

Access Statistics for this article

Journal of Cultural Economy is currently edited by Michael Pryke, Joe Deville, Tony Bennett, Liz McFall and Melinda Cooper

More articles in Journal of Cultural Economy from Taylor & Francis Journals
Bibliographic data for series maintained by ().