Abstract
In Chapter 1 it was argued that the theoretical justification for the existence of money lay in the role money plays in reducing transactions costs. We also found that the temporal aspects of production and exchange necessarily imply that money must also serve as a store of value. Money therefore serves as a means of holding/storing wealth.
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© 1980 Richard Coghlan
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Coghlan, R. (1980). The Theory of the Demand for Money. In: The Theory of Money and Finance. Palgrave, London. https://doi.org/10.1007/978-1-349-86121-7_4
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DOI: https://doi.org/10.1007/978-1-349-86121-7_4
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