The Role of Money in Economic Theory

Among recent tendencies in economic theory none seems to me more promising than the tendency to make the use of money the central feature of economic analysis. What forms, tacit and explicit, this tendency assumes, and what future work it suggests are my chief themes. But the significance of recent...

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Bibliographic Details
Published in:The American economic review 1916-03, Vol.6 (1), p.140-161
Main Author: Mitchell, Wesley C.
Format: Article
Language:English
Subjects:
Behavioral economics
Classical economics
Economic motivation
Economic theory
Economic value
Economic value theories
Economics
Hedonism
Money
Pleasure
Political economy
Studies
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Summary:Among recent tendencies in economic theory none seems to me more promising than the tendency to make the use of money the central feature of economic analysis. What forms, tacit and explicit, this tendency assumes, and what future work it suggests are my chief themes. But the significance of recent developments will stand out more clearly if I recall the curious role played by money in the parent stock from which our current types of economic theory are descended.
ISSN:0002-8282
1944-7981