Thornton, Daniel L. (contributor) - 2008
of
orthodox economic theory to provide an essential, economic-welfare-enhancing role
for money. Section 4 discusses …-balance theory of
money. The portfolio-balance theory of money assumes that individuals efficiently
allocate their assets between … continue to evolve, there will never be a world without money.
6
3.0 The Role of Money in Economic Theory
I believe that …