What Is Money?

Mehdi Chowdhury ()
Additional contact information
Mehdi Chowdhury: Bournemouth University

Chapter Chapter 3 in Money and Inflation, 2024, pp 19-33 from Springer

Abstract: Abstract The chapter develops the concept of money. First, the methodology is developed, and then several hypothetical transactions are analysed. The analysis reveals that money is best conceptualised as the ability of a person/party to obtain goods and services from another parson/party. This definition of money increases the scope for economic analysis, as things usually not regarded as money become identifiable as money. The ability or money is an integral part of the context under which it operates. The concept of potential money is also developed, which is identified as an ability that may not participate in a specific transaction in a time and place, but is capable of participating in another transaction, in another time and place.

Keywords: Follow the thing; Socratic method; Transactions; Use of examples and counter examples; Money as the ability to obtain from others; Potential money; Store of value (search for similar items in EconPapers)
Date: 2024
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:spr:sprchp:978-3-031-52356-4_3

Ordering information: This item can be ordered from
http://www.springer.com/9783031523564

DOI: 10.1007/978-3-031-52356-4_3

Access Statistics for this chapter

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