1st Edition
The History of Money and Monetary Arrangements Insights from the Baltic and North Seas Region
List of figures, List of tables, Preface, Table of abbreviations. 1. Evolution of monetary arrangements 2. New monetary economics and commodity bundles: a critique of the Black-Fama-Hall system. 3. A measure of value independent of commodities: developing new monetary economics using the monetary theory of Schumpeter, Mises, and Wicksell. 4. Mind and monetary arrangements: a method to assess monetary heuristics in historical time. 5. Hanseatic monetary arrangements and the functional separation of money. 6. Seventeenth century banking: Amsterdamsche Wisselbank, Stockholms Banco, and their consequences for monetary evolution. 7. The emergence of the gold standard and the unification of the monetary functions: what happened to the functioning of the cashless payments system using bills of exchange? 8. Interwar monetary fragmentation and the gold standard restored: the crisis of 1929 compared with the crisis of 2008. 9. Heuristics in the evolution of units of account and media of exchange. 10. Monetary arrangements and the capital structure: some lessons from the lens of Lachmann and Lundberg. 11. Concluding remarks: how to avoid pathologies of money and credit. Index
Biography
Thomas Marmefelt is Associate Professor of Economics at the University of Södertörn, Sweden, and Adjunct Professor at Åbo Akademi University, Finland. As both an economist and historian, his focus on evolutionary economics emerged from his aim to combine these disciplines.
