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2014 | 176 | 133-142

Article title

O kontrowersjach wokół funkcjonalnej definicji pieniądza

Content

Title variants

EN
On Controversies about the Functional Definition of Money

Languages of publication

PL

Abstracts

EN
In the economic literature there is a tendency not to define the nature of money, but to specify functions that money is supposed to perform or to assume that these functions are determining the nature of money. The aim of this paper was to demonstrate some controversies arising upon the acceptance of the functional definition of money. The analysis focused on particular (traditionally defined) functions of money (means of payments, store of value, medium of exchange and unit of account). Conducted considerations allowed to attribute fundamental importance to the unit of account function of money.

Keywords

PL
EN
Finance   Money  

Year

Volume

176

Pages

133-142

Physical description

Contributors

References

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  • L. von Mises: Teoria pieniądza i kredytu. Fijorr Publishing, Warszawa 2012, s. 38.J.L. Laughlin: The Principles of Money. John Murray, London 1919, s. 3.
  • G.F. Knapp: Staatliche Theorie des Geldes. Leipzig 1905, s. 1.
  • A. Murad: The Nature of Money. "Southern Economic Journal" 1943, Vol. 9, No. 3, s. 219.
  • B.Z. Yang: What is (not) Money? Medium of Exchange ≠ Means of Payments. "American Economist" 2007, Vol. 52, No. 2, s. 101-104.
  • J.M. Keynes: Ogólna teoria zatrudnienia, procentu i pieniądza. Wydawnictwo Naukowe PWN, Warszawa 2003, s. 174-177.
  • P. Davidson: Money and the Real World. "The Economic Journal" 1972, Vol. 82, No. 325, s. 103.
  • D.A. Martin: The Medium is not the Money. "Journal of Economic Issues" 1972, Vol. 6, No. 2/3, s. 67.

Document Type

Publication order reference

Identifiers

ISSN
2083-8611

YADDA identifier

bwmeta1.element.desklight-3cd4c09c-37bd-4350-a323-5ab225f10a61
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