Whether a theoretical system is realistic or not has been a concern in economics, particularly in monetary theory, over … the past century. Following John R. Hicks' proposal that a realistic monetary theory could be constructed along an … basic theories of monetary analysis. Concentrating primarily on certain fundamental building blocks it covers: the theory …

convert the qualitative, specific and non-commensurable into quantitative data. Simmel, in his Philosophy of Money, identified … this transformative quality as an inherent characteristic of money. This paper argues that Simmel's work continues to …