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Monetary Surrogates and Money’s Dual Nature

In: Financial Crises and the Nature of Capitalist Money

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  • David M. Woodruff

Abstract

One of the many fruitful notions of Geoffrey Ingham’s The Nature of Money is that of ‘monetary space’. ‘Monetary space’ is defined by money of account in terms of which debts are contracted and discharged and all transactions are conducted. … [M]onetary space is the site, or field, of potential transactions that may be conducted under specific monetary conditions — that is to say, monetary space is sovereign space. (Ingham 2004, p. 71)

Suggested Citation

  • David M. Woodruff, 2013. "Monetary Surrogates and Money’s Dual Nature," Palgrave Macmillan Books, in: Jocelyn Pixley & G. C. Harcourt (ed.), Financial Crises and the Nature of Capitalist Money, chapter 6, pages 101-123, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-137-30295-3_7
    DOI: 10.1057/9781137302953_7
    as

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