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.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Bibliography
Arrow, K.J., and F. Hahn. 1971. General competitive analysis. San Francisco: Holden-Day.
Fisher, I. 1911. The purchasing power of money. New York: Macmillan.
Friedman, M. (ed.). 1956. Studies in the quantity theory of money. Chicago: Chicago University Press.
Hume, D. 1752. In Writings on economics, ed. E. Rotwein. Madison: University of Wisconsin Press, 1955.
Kalecki, M. 1971. Selected essays on the dynamics of the capitalist economy. Cambridge: Cambridge University Press.
Keynes, J.M. 1936. The general theory of employment, interest, and money. London: Macmillan.
Lucas, R.E. 1981. Studies in business cycle theory. Cambridge, MA: MIT Press.
Marx, K. 1867. In Capital, vol. I, ed. F. Engels. New York: International.
Minsky, H. 1982. Can ‘It’ happen again? Armonk: Sharpe.
Mundell, R. 1971. Monetary theory. Pacific Palisades: Goodyear.
Patinkin, D. 1965. Money, interest and prices, 2nd ed. New York: Harper & Row.
Ricardo, D. 1811. The works and correspondence of David Ricardo. Vol. III, Pamphlets and papers 1809–1811, ed. P. Sraffa. Cambridge: Cambridge University Press, 1951.
Smith, A. 1776. In An inquiry into the nature and causes of the wealth of nations, ed. E. Cannan. London: Methuen, 1961.
Tobin, J. 1982. Essays on economics: Theory and policy. Cambridge, MA: MIT Press.
Author information
Authors and Affiliations
Editor information
Copyright information
© 2018 Macmillan Publishers Ltd.
About this entry
Cite this entry
Foley, D. (2018). Money in Economic Activity. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_808
Download citation
DOI: https://doi.org/10.1057/978-1-349-95189-5_808
Published:
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-95188-8
Online ISBN: 978-1-349-95189-5
eBook Packages: Economics and FinanceReference Module Humanities and Social SciencesReference Module Business, Economics and Social Sciences