5. Money | Malavika Nair

Malavika Nair
Mises Institute, 2015
Niveau: débutant
Perspective: Économie autrichienne
Sujet: Crises, Monnaie & dette
Format: Lecture / Presentation
Durée: 00:30:20
Lien: https://www.youtube.com/watch?v=WfXnFJL9ldk

First, the classical, functional definition of money as unit of account, means of exchange and store of value is given and discussed. Then Carl Menger's theory of the emergence of money as an evolutionary process to solve the double coincidence of wants is outlined and state theories of money are dismissed. Afterwards issues of circular reasoning regarding the value of money and goods in a subjective valuation framework are discussed referring to Mises' temporal solution. Lastly, the power of banks to create money substitutes in a system of fractional reserve banking and the role of central banks in fiat money systems is criticized and contrasted with metalist money systems.

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Ce projet est le fruit du travail des membres du réseau international pour le pluralisme en économie, dans la sphère germanophone (Netzwerk Plurale Ökonomik e.V.) et dans la sphère francophone (Rethinking Economics Switzerland / Rethinking Economics Belgium / PEPS-Économie France). Nous sommes fortement attachés à notre indépendance et à notre diversité et vos dons permettent de le rester ! 

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