Money and the Real Economy

Sheen Liu
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Sheen Liu: Washington State University, USA

in World Scientific Books from World Scientific Publishing Co. Pte. Ltd.

Abstract: This book offers a systematic analysis of the nature and origins of money, beginning with a conceptual distinction between money and the real economy before assessing economic stability through the framework of system control. It classifies money into three fundamental categories: commodity money (e.g., gold and silver), currency, and credit/debt. Governments issue currency, while financial institutions generate credit and debt, shaping the complex dynamics of monetary systems.

Keywords: Real Economy; Money; Credit/Debt; Currency; Seigniorage; Assets Markets; Stock Markets; Taxes; International Trade; Currency Exchange Rate; Theory of Value of Real Goods and Economy (search for similar items in EconPapers)
JEL-codes: E42 E44 E50 G21 (search for similar items in EconPapers)
Date: 2026
ISBN: 9789819814992
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