Abstract
Supplying money for use in everyday transactions, so as to obviate the need for cumbersome barter, has been a function of governments for more than 2,000 years. Not surprisingly, government-issued money, once in existence, rapidly became a store of value as well. As an aspect of the history of human society and institutions, the process by which governments supply money has naturally attracted substantial attention. But the primary interest in money supply within the discipline of economics has stemmed from the proposition that movements in money are an important — according to some views, the most important — determinant of movements in prices, in output and employment, and in other economic phenomena of well-established interest on their own account.
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Friedman, B.M. (2010). Money Supply. In: Durlauf, S.N., Blume, L.E. (eds) Monetary Economics. The New Palgrave Economics Collection. Palgrave Macmillan, London. https://doi.org/10.1057/9780230280854_29
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DOI: https://doi.org/10.1057/9780230280854_29
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