{"product_id":"what-is-money-9781646793679","title":"What is Money?","description":"\u003cp\u003e\"[\u003cem\u003eWhat is Money?\u003c\/em\u003e and \u003cem\u003eThe Credit Theory of Money\u003c\/em\u003e is] the best pair of articles on the nature of money written in the twentieth century.\"\u003c\/p\u003e\u003cp\u003e-L. Randall Wray, professor of Economics, Bard College (2004)\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cem\u003eWhat is Money?\u003c\/em\u003e (1913) is one of two important articles written by British economist Alfred Mitchell-Innes about money and credit. This publication includes a positive review by John Maynard Keynes. Together with Mitchell-Innes' other article, \u003cem\u003eThe Credit Theory of Money\u003c\/em\u003e (also available from Cosimo Classics), it influenced Modern Monetary Theory, which states that governments can print as much money as they need without having to borrow or tax to finance spending.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cem\u003eWhat is Money?\u003c\/em\u003e is essential reading for students of monetary theories and economic history.\u003c\/p\u003e\u003cp\u003e \u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAbout the Author\u003c\/b\u003e\u003cbr\u003e\u003cb\u003e\u003ci\u003eMitchell-Innes, Alfred:\u003c\/i\u003e\u003c\/b\u003e - ALFRED MITCHELL-INNES (1864-1950) was a British diplomat and economist, with foreign service in Egypt, Uruguay, and the United States. He was possibly the first person to present a truly modern theory of money. In addition to several articles, he also wrote Martyrdom in our Times: Two Essays on Prisons and Punishments (1932).","brand":"Cosimo Classics","offers":[{"title":"Default Title","offer_id":50533814403346,"sku":"9781646793679","price":8.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0831\/4771\/8930\/files\/img_c2e5fdb7-a8f9-4ae6-a573-ee290d2eb323.jpg?v=1731412664","url":"https:\/\/surprise-castle.myshopify.com\/products\/what-is-money-9781646793679","provider":"Surprise Castle","version":"1.0","type":"link"}