Integrating Historical Perspectives into Modern Economics
Edited by Daniela Tavasci and Luigi Ventimiglia
Chapter 7: Teaching money and banking with regard to the history of economic thought
This chapter focuses on money and banking in the history of economic thought, to show that the nature of money and the role of banks have been essentially misunderstood in a number of strands of thought. This has led to a variety of monetary policy interventions, both in economic history and at the time of writing, that were not (and could not be) up to the task. The conclusion asserts that it is essential that the properties of money and banking are understood by teachers and researchers, as well as policy makers in the economic domain.
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