IDEAS home Printed from https://ideas.repec.org/a/agr/journl/v5(558)y2011i5(558)p45-58.html
   My bibliography  Save this article

Fiat versus Representative Money under Debate, or How Right Keynes Was Once (!)

Author

Listed:
  • Liviu C. ANDREI

    (National School of Political Studies and Public Administration, Bucharest)

Abstract

The applied economics understands the concept of money nearly exclusively through the quantitative theory, which certainly remains one of the greatest theories in this topic area. On the other hand, the history of money – be it old or contemporary -- finds two other “nonquantitative” theories as more relevant in the respect that they are able to “cover” this history – these are representative and fiat money. Then, there comes the interesting point: this history “covered”, meaning a full explaining of facts would be made by the two theories and images of the same money just “together”—which is impossible in basic good sense terms, as money (as anything else) cannot be real and fictitious value in the same time.

Suggested Citation

  • Liviu C. ANDREI, 2011. "Fiat versus Representative Money under Debate, or How Right Keynes Was Once (!)," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(5(558)), pages 45-58, May.
    • Handle: RePEc:agr:journl:v:5(558):y:2011:i:5(558):p:45-58
    as

    Download full text from publisher

    File URL: http://store.ectap.ro/articole/589.pdf
    Download Restriction: no
    File URL: http://www.ectap.ro/articol.php?id=589&rid=74
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Liviu ANDREI & Dalina-Maria ANDREI, 2015. "Another Monetary Inflation Coordinate. Studies on the US Federal Reserves' Monetary Base," Eco-Economics Review, Ecological University of Bucharest, Economics Faculty and Ecology and Environmental Protection Faculty, vol. 1(1), pages 33-43, June.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:agr:journl:v:5(558):y:2011:i:5(558):p:45-58. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Marin Dinu (email available below). General contact details of provider: https://edirc.repec.org/data/agerrea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.