Money and Uncertainty—an Introductory View

Paul Davidson

Chapter Chapter 6 in Money and the Real World, 1978, pp 140-158 from Palgrave Macmillan

Abstract: Abstract ‘Money,’ Hicks has declared, ‘is defined by its functions … “money is what money does”.’1 Harrod notes that ‘Money is a social phenomenon, and many of its current features depend on what people think it is or ought to be’.2 ‘Money,’ Scitovsky adds, ‘is a difficult concept to define, partly because it fulfils not one but three functions, each of them providing a criterion of moneyness … those of a unit of account, a medium of exchange, and a store of value.’3

Keywords: Money Wage; Private Debt; Monetary Theory; Fractional Reserve Banking; Temporary Abode (search for similar items in EconPapers)
Date: 1978
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:pal:palchp:978-1-349-15865-2_6

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349158652

DOI: 10.1007/978-1-349-15865-2_6

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().