Ontology and Function of Money

Leonidas Zelmanovitz is fellow at the Liberty Fund.

• 1. The Origin and Essence of Money2. Brief Account of the Intellectual History of Money, Starting with Aristotle3. Menger, Simmel, and Mises on Money Value4. Comte’s Positivist Epistemology and Politics in a Comparative Analysis with the Austrian School of Economics5. What is it Possible to Know about Money?6. The Ethics of Money7. Are There Unsurmountable Arguments for Monetary Prerogatives?8. The Demand for Money, The Business Cycle, And The Current Monetary Regime9. Incentives to Supply an Optimum Amount of Credit Under a 100% Reserve Requirement10. “Inflation Targeting”: Neither New nor Effective11. The Future of Money12. Concluding Chapter

Austrian economists whose research deals with the intersection of monetary economics and political economy will benefit from reading this volume. . . .The author’s work is genuinely raising new questions, and reframing old questions in a way that makes them relevant to the current debate over monetary institutions. I encourage Austrian economists working on monetary economics with an institutional focus . . . to engage this work, to build further both positive and normative arguments for robust monetary institutions.