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Money in Economic Activity

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Money

Part of the book series: The New Palgrave ((NPA))

Abstract

Money is a social relation. Like the meaning of a word, or the proper form of a ritual, it exists as part of a system of behaviour shared by a group of people. Though it is the joint creation of a whole society, money is external to any particular individual, a reality as unyielding to an individual’s will as any natural phenomenon.

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Authors

Editor information

John Eatwell Murray Milgate Peter Newman

Copyright information

© 1989 Palgrave Macmillan, a division of Macmillan Publishers Limited

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Foley, D. (1989). Money in Economic Activity. In: Eatwell, J., Milgate, M., Newman, P. (eds) Money. The New Palgrave. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-19804-7_30

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