The paper proposes a synthesis of original institutional economics and in particular of the work of John R. Commons with the state theory of money, constructing a theoretical framework for the analysis of economic value in relation to money. The argument developed resists the naturalistic,...

The aim of this paper is to combine the state theory of money with institutionalism. These theoretical traditions have a lot in common and this paper is a further attempt to clarify the connections and benefits of their relations. Recent developments in social ontology as well as the expansion...