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Money and Exchange: Folktales and Reality
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Money and Exchange: Folktales and Reality Hardcover - 2006

by Sasan Fayazmanesh


From the publisher

Whether a theoretical system is realistic or not has been a concern in economics, particularly in monetary theory, over the past century. Following John R. Hicks' proposal that a realistic monetary theory could be constructed along an evolutionary path, starting with the workings of a real market, this volume considers whether we can look to the medieval economy as the point of departure.

Drawing upon the work of Aristotle, scholastic economists, Adam Smith, Karl Marx, William Stanley Jevons, Lon Walras and many modern monetary theorists, this intriguing book provides a critical analysis of some basic theories of monetary analysis. Concentrating primarily on certain fundamental building blocks it covers:

  • the theory and mathematical properties of barter and monetary relations
  • the distinction between barter and monetary relations and money and non-money commodities
  • the concept of exchange as an equation, and the notion of the exchange relation as a relation of equality.

This groundbreaking study dispels some of the old myths and conjectures concerning money and exchange and opens up the way for the development of new approaches, both realistic and evolutionary, of interest to researchers and students of the history of monetary theory and economic thought.

Details

  • Title Money and Exchange: Folktales and Reality
  • Author Sasan Fayazmanesh
  • Binding Hardcover
  • Edition annotated editio
  • Pages 172
  • Volumes 1
  • Language ENG
  • Publisher Routledge
  • Date 2006-01-26
  • Illustrated Yes
  • ISBN 9780415299749 / 0415299748
  • Weight 0.88 lbs (0.40 kg)
  • Dimensions 9.26 x 6.36 x 0.6 in (23.52 x 16.15 x 1.52 cm)
  • Library of Congress subjects Money, Exchange
  • Library of Congress Catalog Number 2005008319
  • Dewey Decimal Code 332.49

About the author

Sasan Fayazmanesh is Associate Professor of Economics at California State University, Fresno. His current areas of research include monetary history and theory, money and banking, the history, methodology and philosophy of economics and the political economy of the Middle East.

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Money and Exchange: Folktales and Reality
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Money and Exchange: Folktales and Reality

by Sasan Fayazmanesh

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Hardback. New. Following John R Hicks' proposal that a realistic monetary theory could be constructed along an evolutionary path, starting with the workings of a real market, this book considers whether we can look to the medieval economy as the point of departure. It is useful for researchers and students of the history of monetary theory and economic thought.
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Money and Exchange : Folktales and Reality
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Money and Exchange : Folktales and Reality

by Sasan Fayazmanesh

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Money and Exchange: Folktales and Reality

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Money and Exchange: Folktales and Reality (Routledge Studies in the History of Economics)
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Money and Exchange: Folktales and Reality (Routledge Studies in the History of Economics)

by Fayazmanesh, Sasan

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