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Leonidas Zelmanovitz, The Ontology and Function of Money: The Philosophical Fundamentals of Monetary Institutions

Lanham, MD: Lexington Books, 2016. xxi + 446 pages. USD 120 (hardcover)

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Notes

  1. 1.

    The author, in the conclusion (p. 342), mentions that this argument is what convinced him on the desirability of 100 % reserves.

  2. 2.

    Incidentally, a similar critique could be raised against proposals the author discusses for separating the medium of exchange from the unit of account (Greenfield and Yeager 1983; see also White 1986).

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Correspondence to Alexander William Salter.

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Salter, A.W. Leonidas Zelmanovitz, The Ontology and Function of Money: The Philosophical Fundamentals of Monetary Institutions . Rev Austrian Econ 30, 397–400 (2017). https://doi.org/10.1007/s11138-016-0342-3

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