The Money Economy |
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| Authors: | G. R. Steele |
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| Affiliation: | [G. R. Steele, Department of Economics, The Management School, Lancaster University, Lancaster LA1 4YX, U. K.] |
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| Abstract: | A bstract A trustworthy monetary system is necessary to support the division of labor and extended trading relationships. In the context of classical economics and of Keynes'macroeconomics, the origin of pervasive economywide problems have been traced to monetary disturbances. The relevance (to interest rate theory) of the market for credit and of bond price speculation is critical to judging the plausibility of those rival theories. |
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