Alternative Approaches to Money

  title={Alternative Approaches to Money},
  author={L. Randall Wray},
  journal={Theoretical Inquiries in Law},
  pages={29 - 49}
  • L. Randall Wray
  • Published 2010
  • Economics
  • Theoretical Inquiries in Law
  • This Article summarizes the orthodox approach to money and then points the way toward an alternative developed by a small group of heterodox economists following in the footsteps of Georg Friedrich Knapp, A. Mitchell Innes, John Maynard Keynes, and Abba Lerner. This alternative is more consistent with the historical and anthropological record, and also borrows from law, sociology and political science. While it is conceivable that barter played a role in the multifarious origins of the… CONTINUE READING
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