Money as a Legal Institution

@article{Desan2013MoneyAA,
  title={Money as a Legal Institution},
  author={Christine Desan},
  journal={Law & Literature eJournal},
  year={2013}
}
  • Christine Desan
  • Published 2013
  • Economics
  • Law & Literature eJournal
  • This chapter summarizes the case for considering money as a legal institution. The Western liberal tradition, represented here by John Locke’s iconic account of money, describes money as an item that emerged from barter before the state existed. Considered as an historical practice, money is instead a method of representing and moving resources within a group. It is a way of entailing or fixing material value in a standard that gains currency because of the unique cash services it provides. The… CONTINUE READING
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