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Economics/Finances Credit and State Theories of Money: The Contributions of A. Mitchell Innes

Posted on 2010-03-16




Name:Economics/Finances Credit and State Theories of Money: The Contributions of A. Mitchell Innes
ASIN/ISBN:1843765136
Language:English
File size:1.53 Mb
Publisher: Edward Elgar Publishing
ISBN: 1843765136
Publish Date: edition 2004
File Type: PDF
Pages: 288 pages
File Size: 1,53 mb
   Economics/Finances Credit and State Theories of Money: The Contributions of A. Mitchell Innes

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Credit and State Theories of Money: The Contributions of A. Mitchell Innes

In 1913 and 1914, A. Mitchell Innes published a pair of articles that stand as two of the best pieces written in the twentieth century on the nature of money. Only recently rediscovered, these articles are reprinted here for the first time. In addition, five new contributions analyze and extend the approach of Innes in a number of directions by including historical, anthropological, sociological, archeological, and economic analyses of the nature of money. The original articles by Innes contained two quite different approaches to money - what might be called the credit approach (later developed in a much less satisfactory manner by J.A. Schumpeter) and the state money approach (also called Chartalist and adopted by J.M. Keynes and by G.F. Knapp). This volume shows how the credit and state money approaches can be integrated to shed light on the origins of money, but more importantly, how they can be used to understand the way the modern money system operates. In addition to the articles by Innes, the volume contains chapters by John Henry, Geoffrey Ingham, Michael Hudson, Geoffrey Gardiner, and L. Randall Wray. An introduction by L. Randall Wray and Stephanie Bell provides an overview and a short biography of Innes.

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