Search results for "sound money"

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Debating Sound Money in Early Modern Europe: From Dualist to Metallic Monetary Systems

2019

International audience; In this paper, we present the monetary debates in Europe from the XVIth to the XVIIIth centuries from the viewpoint of the problem of good and sound money. The framework of the paper is built on a typology of monetary systems, by which a dualist system is distinguished from a metallic one. Under the dualist system, the value in units of account of the specie in circulation was defined by monetary proclamations (Einaudi locates this era from Charlemagne to the French Revolution). Metallist proponents aimed at preventing any kind of manipulations with a radical transformation of the system of payment, which gave birth to a metallic monetary system from the very end of …

Value (ethics)JEL: B - History of Economic Thought Methodology and Heterodox Approaches/B.B1 - History of Economic Thought through 1925/B.B1.B11 - Preclassical (Ancient Medieval Mercantilist Physiocratic)060106 history of social sciencesmedia_common.quotation_subjectmonetary systems0502 economics and businesssound moneyEconomics0601 history and archaeologyCirculation (currency)JEL: E - Macroeconomics and Monetary Economics/E.E4 - Money and Interest Rates/E.E4.E42 - Monetary Systems • Standards • Regimes • Government and the Monetary System • Payment SystemsMonetary history050207 economics[SHS.ECO] Humanities and Social Sciences/Economics and Financemedia_commonmetallismJEL: N - Economic History/N.N1 - Macroeconomics and Monetary Economics • Industrial Structure • Growth • Fluctuations/N.N1.N13 - Europe: Pre-1913dualist systemMetallismhistory of monetary thoughtKeynesian economics05 social sciences06 humanities and the artsCapitalismPaymentMonetary system[SHS.ECO]Humanities and Social Sciences/Economics and FinanceEuropeMercantilismEarly modern Europe
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