The Capitalistic Cost-Benefit Structure of Money: An Analysis of Money's Structural Nonneutrality and its Effects on the Economy by Dieter Suhr
English | 5 July 1989 | ISBN: 3540511385 | 148 Pages | PDF | 5 MB
This book studies the dichotomy between real exchange and the monetary economy. Money has substantial nonneutral effects because other goods on the market have to compete with its unique costless liquidity services. Wealth holders, for instance, will only spend their money on goods the pecuniary or non-pecuniary returns of which match money's liquidity premium or its interest.