On Money as an Institution
Nikolay Nenovsky
ICER Working Papers from ICER - International Centre for Economic Research
Abstract:
In this paper I am going to explore some of the major theoretical concepts and ideas in Luca Fantacci’s work devoted to the history of money. As a historical check on Fantacci’s theory I will present various moments in Russian monetary history interpreted in the light of the ideas of the La moneta: storia di un’instituzione mancata. I will compare Fantacci’s theory of division between the unit of account and the medium of exchange with those of Walther Eucken and the Austrian School as well as of some other contemporary authors. A new institutional reading of the evolution of money “money as an institutional compound” is proposed.
Keywords: institution; money; monetary history (search for similar items in EconPapers)
JEL-codes: B52 E42 N10 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2009-07
New Economics Papers: this item is included in nep-cba, nep-his, nep-hpe and nep-mon
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Citations: View citations in EconPapers (3)
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Persistent link: https://EconPapers.repec.org/RePEc:icr:wpicer:12-2009
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