In 1875, economist William Stanley Jevons expounded his four functions of money, encapsulated in the 1919 rhyme, “Money’s a matter of functions four, A Medium, a Measure, a Standard, a Store.” ...

Karl H. Niebyl, Studies in the classical theories of money, New York: Columbia University Press, 1946, p. 190. Contents . Part I The function of money in early industrial society 1. Methodological ...

A fundamental question has recently been on my mind: What is money? While this might seem straightforward, especially to those in traditional finance, unpacking it reveals deeper questions about ...

As goofy as it seems, this little experiment is a helpful way to illustrate three essential functions of money: a store of value, a unit of account, and a medium of exchange. But you'll have to ...

Hard money is a currency backed by a gold standard or precious metal, or types of lending, political contributions, and government funding.