Money, Income and Time: A Quantum-Theoretical Approach

by Alvaro Cencini

Overview

In Money, Income and Time, Alvaro Cencini examines how money has been alternatively defined as a commodity and as the general equivalent of all commodities to be, subsequently, identified with the concept of numéraire, and, finally, reduced to the actual notion of credit. To better clarify the terms of the problem, the writer analyses it through the main theories of money which have been developed since the works of the classical economist. The book does not take the form of a history of economic doctrines, however, since its aim is at the same time less ambitious and more precise, that is defining the true nature of money through a critical and synthetic appraisal of its various analyses.

Product Details

ISBN-13:	9781472505842
Publisher:	Bloomsbury Academic
Publication date:	01/09/2014
Series:	Bloomsbury Academic Collections: Economics
Pages:	240
Product dimensions:	6.40(w) x 9.30(h) x 0.90(d)

About the Author

Alvaro Cencini is an Economist at the Universita della Svizzera Italiana, Italy.

Table of Contents

Acknowledgements
Foreword, Meghnad Desai (London School of Economics, UK)
Introduction
Part I: A New Approach to Monetary Analysis
1. The Origins of an Alternative Definition of Money
2. Nominal Money and Real Money
3. The Banking School and the Currency School
4. Keynes's Analysis of Money
5. Money and Time
6. Income and Time
Part II: A Critical Appraisal of Traditional Monetary Analysis
7. The Concept of Commodity-money
8. Two Faulty Concepts: Money as a Net Asset and Money as a Veil
9. The Neoclassical Dichotomy
10. The Quantity Theory of Money
11. The Monetarists' Attempt at Generalization
12. The Quantity Theory of Money and the Neoclassical Dichotomy
13. The Neutrality of Money
Epilogue
Bibliography
Index of Names
Subject Index