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A replay to the Yeager's papar: "Unit of account or medium of exchange?"
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At the beginning of the twentieth century, most economists took it for granted that the primary function of money is its role as a medium of exchange and that moneyshould consist of, or be backed by, gold, or silver, or both. This paper discusses three writers--Alexander Del Mar, Georg Knapp,...
Persistent link: https://www.econbiz.de/10010658886
At the beginning of the twentieth century, most economists took it for granted that the primary function of money is its role as a medium of exchange and that moneyshould consist of, or be backed by, gold, or silver, or both. This paper discusses three writers--Alexander Del Mar, Georg Knapp,...
Persistent link: https://www.econbiz.de/10010658908
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