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Money Is Not Another Commodity

Money Is Not Another Commodity

Foto von Josh Appel auf Unsplash

Jakob Steffen
jakobsteffen.substack.com, 2025
Level: advanced
Perspectives: Institutionalist Economics, Post-Keynesian Economics
Topic: Institutions, Governments & Policy, Macroeconomics, Money & Debt
Format: Blog & Press
Link: https://jakobsteffen.substack.com/p/money-is-not-another-commodity

Money is not another commodity like bushels of grain or even gold, as mainstream macroeconomics still treats it; rather, it is a social institution.


Comment from our editors:

The persistent mistreatment of money in mainstream economics is a key source of its blindness in terms of macroeconomic pitfalls, confirming the public's misconception of money and hence the state's solvency in the process.

Go to: Money Is Not Another Commodity

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