Gold: The ‘Barbarous Relic’ for Enforcing Coordinated International Incomes Policies

Paul Davidson

Chapter 13 in International Money and the Real World, 1982, pp 241-259 from Palgrave Macmillan

Abstract: Abstract Money as we know it in an entrepreneurial economy can never be described, much less analysed, in the absence of the institution of forward contracting. The analysis of the evolution of the laws and customs under which such contracts are enforced and enforceable is fundamental to an understanding of the unique role of money and the need for liquidity. Money can only be studied in an historical and institutional context.

Keywords: Monetary Authority; Liquid Asset; Income Policy; International Money; Trade Imbalance (search for similar items in EconPapers)
Date: 1982
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-16679-4_13

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DOI: 10.1007/978-1-349-16679-4_13

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