By Sasan Fayazmanesh
Whether a theoretical approach is practical or now not has been a priority in economics, fairly in financial thought, during the last century. Following John R. Hicks’ notion life like financial thought may be built alongside an evolutionary direction, beginning with the workings of a true industry, this quantity considers even if we will be able to glance to the medieval economic system because the element of departure.
Drawing upon the paintings of Aristotle, scholastic economists, Adam Smith, Karl Marx, William Stanley Jevons, Léon Walras and plenty of smooth financial theorists, this fascinating booklet presents a severe research of a few simple theories of financial research. Concentrating totally on sure primary construction blocks it covers:
- the conception and mathematical homes of barter and financial relations
- the contrast among barter and financial family members and funds and non-money commodities
- the proposal of trade as an equation, and the concept of the alternate relation as a relation of equality.
This groundbreaking learn dispels many of the outdated myths and conjectures bearing on funds and alternate and opens up the best way for the advance of latest ways, either real looking and evolutionary, of curiosity to researchers and scholars of the heritage of financial concept and financial thought.
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Additional resources for Money and Exchange: Folktales and Reality (Routledge Studies in the History of Economics)
Money and Exchange: Folktales and Reality (Routledge Studies in the History of Economics) by Sasan Fayazmanesh