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Discussion — Reading 5: John Hicks
Perry Mehrling's Money and Banking MOOC
Location:
Online
Type:
Other
YSI Presenters
Description
This session covers Reading 5: Three chapters from A Market Theory of Money by John Hicks (1989)
In these three chapters, Hicks starts with the idea that the primary function of money is to serve as a "standard of value" for the market. From there, he argues that the institution of banking as market making naturally emerges from the need for a smoothly operating payment system. He also ties the function money to the "real" side of the economy—the market for goods and services—which Mehrling tends not to emphasize.
See also Perry Mehrling's 2017 intellectual biography of John Hicks.
Hosted by Working Group(s):
Organizers
Attendees
Alex Howlett
Jim Bramlett
alison touhey
Chris Rimmer
Jay Pocklington
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