Historicizing the money of account: a critique of the nominalist ontology of money
Stefano Sgambati
The article puts forward a case against the nominalist ontology of money, that is, heterodox notion moneyness – quality being money is conferred by account. From perspective, essentially balance-sheet phenomenon: credit-debit bookkeeping entity whose origins can be traced back to ancient Near Eastern practices accounting. This ontological position, which often erroneously Keynes’ Treatise, mystifies and obscures actual history account as regime monetary governance mode speculation only made sense in European late medieval context bimetallism. thus provides critique nominalism based on reflection value Treatise General Theory. In turn, it proceeds historicize phenomenon account, building seminal contributions Marc Bloch Luigi Einaudi.
Journal of Post Keynesian Economics|City Research Online (City University London)