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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]

Bhattacharya, D. and Shvets, J. Inferring Trade-Offs in University Admissions: Evidence from Cambridge Journal of Political Economy, accepted [2023]

Rauh, C. and Valladares-Esteban, A. On the Black-White Gaps in Labor Supply and Earnings over the Lifecycle in the US Review of Economic Dynamics [2023]

Bhattacharya, D. Nonparametric Approaches to Empirical Welfare Analysis Journal of Economic Literature, forthcoming [2023]