Money: Capital Good, Consumers' Good, or (Media of) Exchange Good?
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作者:
Barnett, William, II
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Loyola Univ New Orleans, Econ, Dept Econ, Joseph A Butt SJ Coll Business Adm, New Orleans, LA 70118 USALoyola Univ New Orleans, Econ, Dept Econ, Joseph A Butt SJ Coll Business Adm, New Orleans, LA 70118 USA
Barnett, William, II
[1
]
Block, Walter
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h-index: 0
机构:
Loyola Univ New Orleans, Econ, Dept Econ, Joseph A Butt SJ Coll Business Adm, New Orleans, LA 70118 USALoyola Univ New Orleans, Econ, Dept Econ, Joseph A Butt SJ Coll Business Adm, New Orleans, LA 70118 USA
Block, Walter
[1
]
机构:
[1] Loyola Univ New Orleans, Econ, Dept Econ, Joseph A Butt SJ Coll Business Adm, New Orleans, LA 70118 USA
Is money a producers' good or a capital good, or is it sui generus, as Mises, Rothbard, and other Austrians have maintained? We argue that all action is either consumption or production, and that exchange is but a form of production. Consequently, all goods are either consumers' goods or producers' goods; there is no third possibility. And that among these two money is a producers' good, not a consumer good.