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The Nature of Money in Modern Economy – Implications and Consequences, by: Stephen Zarlenga and Robert Poteat --

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  • Jack Reardon

    (Chief Editor IJPEE (International Journal of Pluralism and Economics Education))

Abstract

I applaud the authors’ objective to “encourage economists to understand they have a most important part to play in solving this great problem for humanity”, (p. 71) which is, as the authors state in their opening paragraph, the “nature of money” (p.57). I applaud the authors for disseminating these views, as well as resuscitating debate on the Chicago Plan, which deserves serious debate. If economists are to understand our current problems, we must look to our history for policies and theories that for whatever reason were discarded or jettisoned. And at the very least, an emphasis on the history of economic thought (and economic theory) underscores that economics is by no means teleological (Dow, 2009, 48). --

Suggested Citation

  • Jack Reardon, 2016. "The Nature of Money in Modern Economy – Implications and Consequences, by: Stephen Zarlenga and Robert Poteat --," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 29(2), pages 95-99, July.
    • Handle: RePEc:abd:kauiea:v:29:y:2016:i:2:no:7:p:95-99
    DOI: 10.4197/Islec.29-2.7
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    References listed on IDEAS

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    1. Sheila Dow, 2009. "History of Thought and Methodology in Pluralist Economics Education," International Review of Economic Education, Economics Network, University of Bristol, vol. 8(2), pages 41-57.
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