國立高雄大學圖資館 |

Language: English

Back

Money has no value

Record Type:	Electronic resources : Monograph/item
Title/Author:	Money has no valueSamuel A. Chambers.
Author:	Chambers, Samuel A.
Published:	Berlin :De Gruyter,c2023.
Description:	1 online resource (ix, 211 p.)
Subject:	Exchange.
Online resource:	https://www.degruyterbrill.com/isbn/9783110760774
ISBN:	9783110760774$q(electronic bk. ;$qPDF)

Money has no value
Chambers, Samuel A.

Money has no value[electronic resource] /Samuel A. Chambers. - 1st ed. - Berlin :De Gruyter,c2023. - 1 online resource (ix, 211 p.)

Includes bibliographical references.

Frontmatter -- Advance praise -- Acknowledgements -- Contents -- Preface -- Introduction -- Chapter One How to Do the Theory of Money -- Chapter Two The Matrix of Money Theories -- Chapter Three Money "Is" Credit -- Chapter Four Money Theories Today -- Chapter Five From Money/Credit to Money-Credit -- Chapter Six Money Markets -- Chapter Seven Money Today -- Bibliography.

We need a new theory of money. The still-dominant theory of money as taught in intro textbooks is 100+ years old, and for almost that long we have known that it's totally wrong. The best alternative are "heterodox" accounts developed in the 90s and 00s. These are indeed better overall descriptions of money, but they remain incomplete and inadequate: they rely too much on why the orthodoxy is wrong, thereby incorrectly assuming there is only one alternative (so-called heterodoxy). Money has no value develops a new (more subtle, more sophisticated) theory of money. It takes more seriously than any other work to date, the depth and seriousness of the fundamental claim that all money is credit. Money is not a thing, but a marker of a social relation of credit and debt between two parties. Money is not value itself; no form of money (as money) ever possesses any positive, intrinsic value. Second, the book shows that not only is all money credit, but that in an important theoretical sense, all credit is money to the extent any credit/debt between two parties has the potential to be transferred to another party (thereby functioning as money). Finally, the book links this radical credit theory of money to today's concrete money practices: this includes global capital flows, national and international monetary policy, and most of all the daily turnover in the money markets. The book therefore develops the needed conceptual framework to ask questions like: what is going on with Bitcoin (much less GameStop) in 2021.

Mode of access: Internet via World Wide Web.

In English.

ISBN: 9783110760774$q(electronic bk. ;$qPDF)

Standard No.: 10.1515/9783110760774doiSubjects--Topical Terms:

185673
Exchange.

LC Class. No.: HB201 / .C436 2023

Dewey Class. No.: 929.374

Money has no value
LDR:03078cmm a2200349 a 4500 001 682303
003 DE-B1597
005 20251017072503.0
006 m o d
007 cr cnu---unuuu
008 251202s2023 gw ob 000 0 eng d
020 $a 9783110760774$q(electronic bk. ;$qPDF)
020 $a 9783110796742$q(electronic bk. ;$qEPUB)
020 $z 9783110760903$q(paperback)
020 $z 9783110760729$q(hardcover)
024 7 $a 10.1515/9783110760774 $2 doi
035 $a 9783110760774
040 $a DE-B1597 $b eng $c DE-B1597
041 0 $a eng
050 4 $a HB201 $b .C436 2023
082 0 4 $a 929.374 $2 23
100 1 $a Chambers, Samuel A. $3 995987
245 1 0 $a Money has no value $h [electronic resource] / $c Samuel A. Chambers.
250 $a 1st ed.
260 $a Berlin : $b De Gruyter, $c c2023.
300 $a 1 online resource (ix, 211 p.)
504 $a Includes bibliographical references.
505 0 $a Frontmatter -- Advance praise -- Acknowledgements -- Contents -- Preface -- Introduction -- Chapter One How to Do the Theory of Money -- Chapter Two The Matrix of Money Theories -- Chapter Three Money "Is" Credit -- Chapter Four Money Theories Today -- Chapter Five From Money/Credit to Money-Credit -- Chapter Six Money Markets -- Chapter Seven Money Today -- Bibliography.
520 $a We need a new theory of money. The still-dominant theory of money as taught in intro textbooks is 100+ years old, and for almost that long we have known that it's totally wrong. The best alternative are "heterodox" accounts developed in the 90s and 00s. These are indeed better overall descriptions of money, but they remain incomplete and inadequate: they rely too much on why the orthodoxy is wrong, thereby incorrectly assuming there is only one alternative (so-called heterodoxy). Money has no value develops a new (more subtle, more sophisticated) theory of money. It takes more seriously than any other work to date, the depth and seriousness of the fundamental claim that all money is credit. Money is not a thing, but a marker of a social relation of credit and debt between two parties. Money is not value itself; no form of money (as money) ever possesses any positive, intrinsic value. Second, the book shows that not only is all money credit, but that in an important theoretical sense, all credit is money to the extent any credit/debt between two parties has the potential to be transferred to another party (thereby functioning as money). Finally, the book links this radical credit theory of money to today's concrete money practices: this includes global capital flows, national and international monetary policy, and most of all the daily turnover in the money markets. The book therefore develops the needed conceptual framework to ask questions like: what is going on with Bitcoin (much less GameStop) in 2021.
530 $a Issued also in print.
538 $a Mode of access: Internet via World Wide Web.
546 $a In English.
588 $a Description based on online resource; title from PDF title page (publisher's Web site, viewed September 18 2025)
650 0 $a Exchange. $3 185673
650 0 $a Money $x History. $3 183686
856 4 0 $u https://www.degruyterbrill.com/isbn/9783110760774