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The Value of Money
The Value of Money
Author: Prabhat Patnaik
Why is money more valuable than the paper on which it is printed? Monetarists link the value of money to its supply and demand, believing the latter depends on the total value of the commodities it circulates. According to Prabhat Patnaik, this logic is flawed. In his view, in any nonbarter economy, the value we assign to money is determined ind...  more »
ISBN-13: 9780231146760
ISBN-10: 0231146760
Publication Date: 3/13/2009
Pages: 280
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Publisher: Columbia University Press
Book Type: Hardcover
Members Wishing: 0
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