What is Money?


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"[What is Money? and The Credit Theory of Money is] the best pair of articles on the nature of money written in the twentieth century."

-L. Randall Wray, professor of Economics, Bard College (2004)


What is Money? (1913) is one of two important articles written by British economist Alfred Mitchell-Innes about money and credit. This publication includes a positive review by John Maynard Keynes. Together with Mitchell-Innes' other article, The Credit Theory of Money (also available from Cosimo Classics), it influenced Modern Monetary Theory, which states that governments can print as much money as they need without having to borrow or tax to finance spending.


What is Money? is essential reading for students of monetary theories and economic history.



Author: Alfred Mitchell-Innes
Publisher: Cosimo Classics
Published: 01/01/1913
Pages: 68
Binding Type: Paperback
Weight: 0.18lbs
Size: 8.00h x 5.00w x 0.16d
ISBN13: 9781646793679
ISBN10: 1646793676
BISAC Categories:
- Business & Economics | Money & Monetary Policy
- Business & Economics | Economic History