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Reforming Money to Exit the Crisis: Examples of Non-capitalist Monetary Systems in Theory and Practice

Luca Fantacci

Chapter 7 in Financial Crises and the Nature of Capitalist Money, 2013, pp 124-147 from Palgrave Macmillan

Abstract: Abstract Money is not a good in itself, but a way to facilitate the exchange of goods. Money is a rule according to which payments are effected. Trade is essentially an exchange of goods for other goods. The exchange of a good for money or credit is only temporary. Eventually, all money is intended to be spent and all debts are intended to be paid.

Keywords: Central Bank; Trade Fair; Monetary Authority; Debtor Country; Legal Tender (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-30295-3_8

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DOI: 10.1057/9781137302953_8

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