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ID 41656
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Title Alternative
Four Types of Demonstration of the Necessity of Money
Author
Abstract
In this paper, Marxian attempts to demonstrate the necessity of money in market economy are classified into the four types of theory as follows : (1) one which focuses on money as the measure of value and does not use the concept of labour-value in the demonstration (2) one which focuses on money as the means of circulation and uses the concept of labour-value in the demonstration (3) one which focuses on money as the means of circulation and does not use the concept of labour-value in the demonstration (4) one which focuses on money as the measure of value and uses the concept of labour-value in the demonstration. The author thinks that the second type of theory should be adopted for two reasons. First, the concept of labour-value makes it possible to find out what set of social relations among individual labours makes money necessary as a means of social reproduction. Second, money as the measure of value can be meaningful only in an economy where money as the means of circulation is necessitated by indirect exchanges of commodities.
Note
論説 (Article)
Published Date
1997-03-10
Publication Title
岡山大学経済学会雑誌
Publication Title Alternative
Okayama Economic Review
Volume
volume28
Issue
issue4
Publisher
岡山大学経済学会
Publisher Alternative
The Economic Association of Okayama University
Start Page
275
End Page
292
ISSN
0386-3069
NCID
AN00032897
Content Type
Journal Article
language
日本語
File Version
publisher
Refereed
True
Eprints Journal Name
oer