But I shall maintain that value from some source other than the monetary employment is an essential precondition of the monetary employment, even though recognizing that that monetary employment may, in a way later to be analyzed, add to the original value of the money.
"The Value of Money"
Benjamin M. Anderson, Jr.
Value is an essential precondition of exchangeability, but can exist without it.
"The Value of Money"
Benjamin M. Anderson, Jr.
The value of the money is a precondition of the money-function.
"The Value of Money"
Benjamin M. Anderson, Jr.