| Título: | The origin of money from the money-debt approach |
| Autores: | Garzón Espinosa, Eduardo |
| Tipo de documento: | texto impreso |
| Editorial: | Universidad Complutense de Madrid, 2019 |
| Dimensiones: | application/pdf |
| Nota general: |
cc_by_nc_sa info:eu-repo/semantics/openAccess |
| Idiomas: | |
| Palabras clave: | Estado = Publicado , Materia = Ciencias Sociales: Economía: Dinero , Materia = Ciencias Sociales: Economía: Historia económica , Materia = Ciencias Sociales: Economía: Macroeconomía , Tipo = Artículo |
| Resumen: |
There are two fundamental approaches to the nature and origin of money that are incompatible with each other: money-commodity and money-debt. The first one has occupied a hegemonic position in the academy —and so outside it— throughout history. On the other hand, the money-debt approach was developed in response to the conventional view, although it currently occupies a marginal place in the academic sphere and is barely known beyond it. Despite its low popularity, the unorthodox outlook of money-debt is much more useful in order to understand the origin and nature of money; and represents a much more accurate analytical framework to monetary phenomena. In this paper a detailed review of the origin of money from this less-known approach is made in order to demonstrate its analytical superiority against the hegemonic approach that suffers from significant theoretical inconsistencies and a lack of empirical support. |
| En línea: | https://eprints.ucm.es/55923/1/19-6-1%2837-54%29.pdf |
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