Money as an Intellectual Venture

32 Pages Posted: 3 Dec 2005

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Abstract

Monetary system is undoubtedly a venture, which has developed in the course of the history. Many facts from historical and even pre-historical times testify to a variety of possible ways of understanding the affairs of money; however, the relationship between money and productivity of labor has been known since the early days. Money conceived to be receivables for work is closely related to banking and economic accounting systems within the legal system of a State. Monetary stability depends chiefly upon the productivity of labor of all employed persons, whether clerks or workers. The question of maintaining productivity of labor should be focused upon, with a view to maintaining monetary stability. Money as an intellectual venture requires also common sense, and may suffer heavily as a result of rendering it either too shallow or overly intellectual.

Keywords: money, money unit, intellectual, labor

JEL Classification: M40, M41, M49

Suggested Citation

Dobija, Mieczyslaw, Money as an Intellectual Venture. Available at SSRN: https://ssrn.com/abstract=861026 or http://dx.doi.org/10.2139/ssrn.861026

Mieczyslaw Dobija (Contact Author)

Cracow University of Economics ( email )

ul. Rakowicka 27
31 510 Krakow, 31-510
Poland

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