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Money as World Money

In: The Economics of Marx’s Grundrisse

Author

Listed:
  • Adalbert G. Lallier

    (Concordia University)

Abstract

Throughout his treatment of money and its role, Marx intersperses comments on gold and silver and their use as a money commodity, as medium of exchange, as object of accumulation, and as the ultimate means of international payment. Precious metals perform the money function particularly well because they are durable, divisible, easily transportable; also because they represent great exchange value for their size. In addition, and unlike copper (an early form of metal money), precious metals are inoxidisable and scarce.1

Suggested Citation

  • Adalbert G. Lallier, 1989. "Money as World Money," Palgrave Macmillan Books, in: The Economics of Marx’s Grundrisse, chapter 3, pages 45-68, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-20171-6_4
    DOI: 10.1007/978-1-349-20171-6_4
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