This chapter summarizes the case for considering money as a legal institution. The Western liberal tradition …, represented here by John Locke’s iconic account of money, describes money as an item that emerged from barter before the state … existed. Considered as an historical practice, money is instead a method of representing and moving resources within a group …

to the question of the nature of money. These contributions have to be understood in the context of his broader approach … ontology. Lawson's elaboration of the nature of money is not the only one compatible with the social positioning theory and an …

In the modern lexicon, money is pure instrumentality, a colorless medium that transparently expresses real value …. Contrary to that trope, however, we can get “inside” money: we can reconnoiter it as a structure entailing value that is … engineered by certain societies. Taking a “constitutional approach” to money reveals its internal design, the architecture that …

The first attempt in the human history to consciously create money ended in a collapse in 1720, well-known as the money … mania. This unfortunate start raises doubt on money creation as a whole such that today there are still voices questioning … created money even though it is now indispensible for the world economy. But this misfortune also has the bright side in that …

rapidly increasing acceptance, so far the affirmation of cryptocurrency as better money has been thwarted by dramatic … achieved by dynamically rebasing the outstanding amount of money: the number of cryptocurrency units in every digital wallet is … Money, so named from the Nobel Prize-winning economist: a good money standard providing stable prices for a new economic era …

digital gold. It is used as money, as gold has always been, but it is not a good unit of account: extreme deflationary price … (2014) has proposed as Hayek Money a cryptocurrency price stability paradigm of elastic non-discretionary monetary policy … speculative value, thus favoring money velocity and increasing the number of transactions. Seigniorage shares are effectively to …

(MMT) and traces back its intellectual origins to the writings on money of Georg F. Knapp and on fiscal policy of Abba P …

This paper explores the intellectual history of the state, or chartalist, approach to money, from the early developers … (Georg Friedrich Knapp and A. Mitchell Innes) through Joseph Schumpeter, John Maynard Keynes, and Abba Lerner, and on to … modern exponents Hyman Minsky, Charles Goodhart, and Geoffrey Ingham. This literature became the foundation for Modern Money …