Money and exchange : folktales and reality / / Sasan Fayazmanesh.

• Superior document: Routledge studies in the history of economics ; 77
• Author: Fayazmanesh, Sasan, 1950-
• Year of Publication: 2006
• Language: English
• Series: Routledge studies in the history of economics ; 77.
• Physical Description: 1 online resource (170 p.)
• Notes: Description based upon print version of record.

Whether a theoretical system is realistic or not has been a concern in economics, particularly in monetary theory, over the past century. Following John R. Hicks' proposal that a realistic monetary theory could be constructed along an evolutionary path, starting with the workings of a real market, this volume considers whether we can look to the medieval economy as the point of departure. Drawing upon the work of Aristotle, scholastic economists, Adam Smith, Karl Marx, William Stanley Jevons, Léon Walras and many modern monetary theorists, this intriguing book provides a criti

Table of Contents

Book Cover; Half-Title; Series-Title; Title; Copyright; Contents; Acknowledgments; 1 Introduction; 2 The first community and the equation of exchange; 3 The sons of Adam, justice in exchange, and the medieval economy; 4 The bartering savage and the equation of exchange; 5 Primitive communities, the equation of exchange, and proper point of departure; 6 Mademoiselle Zelie and the ""scientific"" theory of exchange; 7 Neo-Walrasianism, the matrix of exchange, and beyond; 8 Conclusion; Notes; References; Index