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On Money as an Institution

Author

Listed:
  • Nikolay Nenovsky

Abstract

In this paper I am going to explore some of the major theoretical concepts and ideas in Luca Fantacci’s work devoted to the history of money. As a historical check on Fantacci’s theory I will present various moments in Russian monetary history interpreted in the light of the ideas of the La moneta: storia di un’instituzione mancata. I will compare Fantacci’s theory of division between the unit of account and the medium of exchange with those of Walther Eucken and the Austrian School as well as of some other contemporary authors. A new institutional reading of the evolution of money “money as an institutional compound” is proposed.

Suggested Citation

  • Nikolay Nenovsky, 2009. "On Money as an Institution," ICER Working Papers 12-2009, ICER - International Centre for Economic Research.
    • Handle: RePEc:icr:wpicer:12-2009
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    File URL: http://www.bemservizi.unito.it/repec/icr/wp2009/ICERwp12-09.pdf
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    References listed on IDEAS

    as
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    7. Melitz, Jacques, 1970. "The Polanyi School of Anthropology on Money: An Economist's View," MPRA Paper 84893, University Library of Munich, Germany, revised 1970.
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    Cited by:

    1. Nenovsky, Nikolay & Karpouzanov, Momtchil, 2010. "Value, Prices and Money. Comparing Marx and Menger," MPRA Paper 62040, University Library of Munich, Germany, revised 2012.
    2. Alexander Bystryakov & Nikolay Nenovsky & Elena Ponomarenko, 2019. "Monetary Innovations and Digital Economy," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 6, pages 3-18.
    3. Nikolay Nenovsky, 2010. "The Economic Sociology of Ivan Pososhkov (1652 - 1726)," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 84-98.

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    Keywords

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    JEL classification:

    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Systems; Standards; Regimes; Government and the Monetary System
    • N10 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - General, International, or Comparative

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