mechanisms of the gold standard. Instead, he preferred a static measure of the broader money stock (White 1999). This put him at … money printing during World War I. Hayek viewed these nations as the culprits the gold standard's degradation whereas … dream of reestablishing the gold standard. His later work on money provides theoretical underpinnings for systems that would …

This chapter summarizes the case for considering money as a legal institution. The Western liberal tradition …, represented here by John Locke’s iconic account of money, describes money as an item that emerged from barter before the state … existed. Considered as an historical practice, money is instead a method of representing and moving resources within a group …