skip to content

Faculty of Economics

Journal Cover

Lawson, T.

The Constitution and Nature of Money

Cambridge Journal of Economics

Vol. 42(3) pp. 851-873 (2018)

Abstract: I take the opportunity to elaborate and clarify the positioning theory of money in response to the critique of it provided by Geoffrey Ingham

Keywords: Credit / debt, Legal Tender, Liquidity, Means of payment, Money, Obligations, Purchasing power, Rights, Social ontology, Social positioning, Value

JEL Codes: B30, B20, B10, B40, B50, B000, P10, A10 N000, P00

Author links: Tony Lawson  

Publisher's Link: https://academic.oup.com/cje/article/42/3/851/4986494



Papers and Publications



Recent Publications


Bhattacharya, D., Dupas, P. and Kanaya, S. Demand and Welfare Analysis in Discrete Choice Models with Social Interactions Review of Economic Studies [2023]

Merrick Li, Z. and Linton, O. A ReMeDI for Microstructure Noise Econometrica [2022]

Carneiro, P., Liu, K. and Salvanes, K. G. The Supply of Skill and Endogenous Technical Change: Evidence from a College Expansion Reform Journal of the European Economic Association [2023]

Ritz, R. Does Competition Increase Pass-Through? Rand Journal of Economics [2024]