Money is not a good in itself, but a way to facilitate the exchange of goods. Money is a rule according to which payments are effected. Trade is essentially an exchange of goods for other goods. The exchange of a good for money or credit is only temporary. Eventually, all money is intended to be spent and all debts are intended to be paid.
Reforming Money to Exit the Crisis: Examples of Non-capitalist Monetary Systems in Theory and Practice / L. Fantacci - In: Financial Crises and the Nature of Capitalist Money : Mutual developments from the work of Geoffrey Ingham / [a cura di] J. Pixley, G.C. Harcourt. - [s.l] : Palgrave Macmillan, 2013. - ISBN 9781137302953. - pp. 124-147 [10.1057/9781137302953_8]
Reforming Money to Exit the Crisis: Examples of Non-capitalist Monetary Systems in Theory and Practice
L. Fantacci
2013
Abstract
Money is not a good in itself, but a way to facilitate the exchange of goods. Money is a rule according to which payments are effected. Trade is essentially an exchange of goods for other goods. The exchange of a good for money or credit is only temporary. Eventually, all money is intended to be spent and all debts are intended to be paid.
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