working paper no 717 introduction to an alternative history of money by l randall wray levy economics institute of bard college may 2012 this paper updates corrects and expands an ...
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...Working paper no introduction to an alternative history of money by l randall wray levy economics institute bard college may this updates corrects and expands older from a version will be published as the theories banking volumes i ii edited forthcoming edward elgar collection presents research in progress scholars conference participants purpose series is disseminate ideas elicit comments academics professionals founded nonprofit nonpartisan independently funded organization devoted public service through scholarship economic it generates viable effective policy responses important problems that profoundly affect quality life united states abroad p o box annandale on hudson ny http www levyinstitute org copyright all rights reserved issn x abstract integrates various strands heterodox view origins moneyandthedevelopmentofthemodernfinancial system manner consistent with findings historians anthropologists well known orthodox story s evolution begins creation medium exchange reduce cost...