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28 relations: Augustus, Banknote, Bimetallism, Cambridge University Press, Carl Menger, Chartalism, Commodity, Commodity money, Currency, Fiat money, Georg Friedrich Knapp, Gold, Instrumental and intrinsic value, Joseph Schumpeter, Language, Market economy, Metallism, Monetary policy, Monetary system, Money, Precious metal, Purchasing power, Representative money, Roman Empire, Silver, Sovereign state, State (polity), Value (economics).
Augustus
Augustus (Augustus; 23 September 63 BC – 19 August 14 AD) was a Roman statesman and military leader who was the first Emperor of the Roman Empire, controlling Imperial Rome from 27 BC until his death in AD 14.
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Banknote
A banknote (often known as a bill, paper money, or simply a note) is a type of negotiable promissory note, made by a bank, payable to the bearer on demand.
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Bimetallism
Bimetallism is the economic term for a monetary standard in which the value of the monetary unit is defined as equivalent to certain quantities of two metals, typically gold and silver, creating a fixed rate of exchange between them.
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Cambridge University Press
Cambridge University Press (CUP) is the publishing business of the University of Cambridge.
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Carl Menger
Carl Menger (February 23, 1840 – February 26, 1921) was an Austrian economist and the founder of the Austrian School of economics.
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Chartalism
In macroeconomics, chartalism is a theory of money which argues that money originated with states' attempts to direct economic activity rather than as a spontaneous solution to the problems with barter or as a means with which to tokenize debt, and that fiat currency has value in exchange because of sovereign power to levy taxes on economic activity payable in the currency they issue.
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Commodity
In economics, a commodity is an economic good or service that has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them.
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Commodity money
Commodity money is money whose value comes from a commodity of which it is made.
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Currency
A currency (from curraunt, "in circulation", from currens, -entis), in the most specific use of the word, refers to money in any form when in actual use or circulation as a medium of exchange, especially circulating banknotes and coins.
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Fiat money
Fiat money is a currency without intrinsic value that has been established as money, often by government regulation.
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Georg Friedrich Knapp
Georg Friedrich Knapp (March 7, 1842 – February 20, 1926) was a German economist who in 1905 published The State Theory of Money, which founded the chartalist school of monetary theory, which argues that money's value derives from its issuance by an institutional form of government rather than spontaneously through relations of exchange.
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Gold
Gold is a chemical element with symbol Au (from aurum) and atomic number 79, making it one of the higher atomic number elements that occur naturally.
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Instrumental and intrinsic value
The word "value" is both a verb and a noun, each with multiple meanings.
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Joseph Schumpeter
Joseph Alois Schumpeter (8 February 1883 – 8 January 1950) was an Austrian political economist.
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Language
Language is a system that consists of the development, acquisition, maintenance and use of complex systems of communication, particularly the human ability to do so; and a language is any specific example of such a system.
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Market economy
A market economy is an economic system in which the decisions regarding investment, production, and distribution are guided by the price signals created by the forces of supply and demand.
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Metallism
Metallism is the economic principle that the value of money derives from the purchasing power of the commodity upon which it is based.
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Monetary policy
Monetary policy is the process by which the monetary authority of a country, typically the central bank or currency board, controls either the cost of very short-term borrowing or the monetary base, often targeting an inflation rate or interest rate to ensure price stability and general trust in the currency.
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Monetary system
A monetary system is the set of institutions by which a government provides money in a country's economy.
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Money
Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context.
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Precious metal
A precious metal is a rare, naturally occurring metallic chemical element of high economic value.
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Purchasing power
Purchasing power (sometimes retroactively called adjusted for inflation) is the number and quality or value of goods and services that can be purchased with a unit of currency.
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Representative money
Representative money is any medium of exchange that represents something of value, but has little or no value of its own (intrinsic value).
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Roman Empire
The Roman Empire (Imperium Rōmānum,; Koine and Medieval Greek: Βασιλεία τῶν Ῥωμαίων, tr.) was the post-Roman Republic period of the ancient Roman civilization, characterized by government headed by emperors and large territorial holdings around the Mediterranean Sea in Europe, Africa and Asia.
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Silver
Silver is a chemical element with symbol Ag (from the Latin argentum, derived from the Proto-Indo-European ''h₂erǵ'': "shiny" or "white") and atomic number 47.
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Sovereign state
A sovereign state is, in international law, a nonphysical juridical entity that is represented by one centralized government that has sovereignty over a geographic area.
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State (polity)
A state is a compulsory political organization with a centralized government that maintains a monopoly of the legitimate use of force within a certain geographical territory.
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Value (economics)
Economic value is a measure of the benefit provided by a good or service to an economic agent.
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Gold as money, Metal as money, Monometallism.
References
[1] https://en.wikipedia.org/wiki/Metallism
