andrew(1899),what ought to be called money

andrew(1899),what ought to be called money

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1、WhatOughttobeCalledMoney?Author(s):A.P.AndrewSource:TheQuarterlyJournalofEconomics,Vol.13,No.2(Jan.,1899),pp.219-227Publishedby:TheMITPressStableURL:http://www.jstor.org/stable/1882201Accessed:04/04/201009:02YouruseoftheJSTORarchiveindicatesyouracceptanceofJSTOR'sTermsandCon

2、ditionsofUse,availableathttp://www.jstor.org/page/info/about/policies/terms.jsp.JSTOR'sTermsandConditionsofUseprovides,inpart,thatunlessyouhaveobtainedpriorpermission,youmaynotdownloadanentireissueofajournalormultiplecopiesofarticles,andyoumayusecontentintheJSTORarchiveonlyf

3、oryourpersonal,non-commercialuse.Pleasecontactthepublisherregardinganyfurtheruseofthiswork.Publishercontactinformationmaybeobtainedathttp://www.jstor.org/action/showPublisher?publisherCode=mitpress.EachcopyofanypartofaJSTORtransmissionmustcontainthesamecopyrightnoticethatapp

4、earsonthescreenorprintedpageofsuchtransmission.JSTORisanot-for-profitservicethathelpsscholars,researchers,andstudentsdiscover,use,andbuilduponawiderangeofcontentinatrusteddigitalarchive.Weuseinformationtechnologyandtoolstoincreaseproductivityandfacilitatenewformsofscholarshi

5、p.FormoreinformationaboutJSTOR,pleasecontactsupport@jstor.org.TheMITPressiscollaboratingwithJSTORtodigitize,preserveandextendaccesstoTheQuarterlyJournalofEconomics.http://www.jstor.orgWHATOUGHTTOBECALLEDMONEY?ITisasingularand,indeed,asignificantfactthat,althoughmoneywasthefi

6、rsteconomicsubjecttoattractmen'sthoughtfulattention,andhasbeenthefocalcentreofeco-nomicinvestigationeversince,thereisatthepresentdaynotevenanapproximateagreementastowhatoughttobedesignatedbytheword.Thebusinessworldmakesuseoftheterminseveralsenses,whileamongeconomiststhereare

7、almostasmanydifferentconceptionsastherearewritersuponmoney.Eachauthorhassomepeculiardistinguishingmarkofhisownwhichheusesindeterminingwhatoughtandwhatoughtnottobeincludedundertheword.Andso,eventhoughoneisnotpronetoattachgreatsignificancetodefinitions,andhasnodesiretosuggestn

8、ovelcriteriaofdif-ferentiation,heispracticallyobligedforthesakeofclearnessa

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