Innovated Payments Systems

  • M. L. Burstein


Indeed the money of account must precede the money. The measure and the property, including money, that is measured are ontologically distinct. What is more, there need be no money at all: money of account alone suffices for a viable debt-discharge system.


Central Banking Public Debt Clearing House Real Asset Convenience Yield 
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Copyright information

© M. L. Burstein 1991

Authors and Affiliations

  • M. L. Burstein
    • 1
  1. 1.York UniversityCanada

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