| Titre | The standard commodity and the standard of money | |
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| Auteur | Annalisa Rosselli, Maria Cristina Marcuzzo | |
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Revue | Cahiers d'économie politique |
| Numéro | no 23,printemps 1994 Monnaie et étalon chez David Ricardo | |
| Page | 19-31 | |
| Résumé anglais |
The paper addresses the question whether any commodity could be arbitrarily chosen as standard of money. The function of the standard of money is therefore analysed and distinguished from that of a numeraire. The question whether the commodity chosen as the standard of money should have particular properties was answered by Ricardo by identifying the main requirement for a good standard of money with the "invariability" of value. Given the well-known failure of Ricardo' s search for an "invariable measure of value", Sraffa' s Standard Commodity is then considered as a possible candidate for the standard of money and it is explained why this possibility should be rejected. Thus, in the absence of a theory to direct the choice of the standard of money, a commodity standard regime is either useless or harmful. Source : Éditeur (via Persée) |
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| Article en ligne | http://www.persee.fr/web/revues/home/prescript/article/cep_0154-8344_1994_num_23_1_1153 |
