{"product_id":"9783642074837","title":"From Gold to Euro: On Monetary Theory and the History of Currency Systems","description":"\u003ch1\u003eFrom Gold to Euro: On Monetary Theory and the History of Currency Systems\u003c\/h1\u003e \u003ch2\u003eSpahn, Heinz-Peter\u003c\/h2\u003e \u003cp\u003eThis book deals with the evolution of monetary systems. Firstly, it argues that money forms a constitutional element in any private-ownership economy, estab­ lishing a nominal-standard order for the market behaviour of individual agents. The market economy is basically a payment society where money structures and values economic activities, and performs itself as a market asset. The use of re­ sources and the production of commodities are governed by calculations in mone­ tary values which subordinate production and employment to the logic of asset markets. The \"veil\" of money cannot be withdrawn, as a matter of fact and in theoretical analysis, without changing the economic order of society. Money originates from a credit relation between market agents, thus spot payments re­ place intertemporal exchange. Problems of low trust and information in mutual economic relations are projected onto the money medium in a monetary economy, thereby enhancing its efficiency and dynamics. The rate of interest is not related to time; it is the price for maintaining the agents' solvency in the current period, and it determines a positive rate of return on capital and production. Secondly, the book shows that network externalities in the use of money led to monopoly solutions in the national and hegemonic leader-follower relations in the international economy.\u003c\/p\u003e \u003ch3\u003eDetails\u003c\/h3\u003e \u003cp\u003ePublished by: Springer\u003c\/p\u003e \u003cp\u003ePublication Date: 2010-11-30\u003c\/p\u003e \u003cp\u003eFormat: Paperback\u003c\/p\u003e \u003cp\u003eISBN-13: 9783642074837\u003c\/p\u003e \u003cp\u003eDOI: 10.1007\/978-3-662-04358-5\u003c\/p\u003e \u003cp\u003eDimensions: 235cm x155cm\u003c\/p\u003e \u003cp\u003ePages: 220\u003c\/p\u003e ","brand":"Springer Berlin Heidelberg","offers":[{"title":"Default Title","offer_id":47392372523148,"sku":"9783642074837","price":98.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9783642074837.jpg?v=1775766215","url":"https:\/\/fh90cf-fv.myshopify.com\/products\/9783642074837","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}