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Mercantifers and Money

John Lepper
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John Lepper: Lancaster University

Chapter 15 in An Enquiry into the Ideology and Reality of Market and Market System, 2011, pp 218-230 from Palgrave Macmillan

Abstract: Abstract The Pure Theory of Money attempts to deduce the presence or otherwise of money from the premises of Market.1 The goal is to show that various states of money emerge as an unforeseen consequence of engagement in Market (Starr, 1972, 2003; Kiyotaki and Wright 1989, 1993; Kocherlotoka, 1996). Because it is not possible to permit monetary states to be imposed upon the citizenry, theorists have encountered exquisite difficulties in accounting for wide acceptance of states of money. As a result, the history of the so-called Pure Theory of Money consists largely of a parade of metaphors.

Keywords: Market System; Communal Benefit; Double Coincidence; Unmoved Mover; Deferred Payment (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-34680-2_16

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DOI: 10.1057/9780230346802_16

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