Edited by Stephanie A. Bell, Assistant Professor of Economics, University of Missouri, Kansas City, US and Edward J. Nell, Malcolm B. Smith Professor of Economics, The New School for Social Research, US

'. . . This book is a short, readable, and valuable contribution toward understanding money's origin and the role that understanding can play in monetary policy analysis and monetary regime design. It raises some important issues with respect to the design and implementation of the Euro and Euro-related institutions. . .'

• Contents: Preface 1. The Two Concepts of Money: Implications for the Analysis of Optimal Currency Areas 2. Mr Goodhart and the EMU 3. The Creditary / Monetarist Debate in Historical Perspective 4. Some Limitations of the Chartalist Perspective: A Comment on ‘The Two Concepts of Money’ 5. The Neo-Chartalist Approach to Money 6. Nominal Money, Real Money and Stabilization 7. Money as a Social Institution: A Heterodox View of the Euro 8. Neglected Costs of Monetary Union: The Loss of Sovereignty in the Sphere of Public Policy 9. A Reply to the Contributors Index

Edited by Stephanie A. Bell, Assistant Professor of Economics, University of Missouri, Kansas City, US and Edward J. Nell, Malcolm B. Smith Professor of Economics, The New School for Social Research, US

'. . . This book is a short, readable, and valuable contribution toward understanding money's origin and the role that understanding can play in monetary policy analysis and monetary regime design. It raises some important issues with respect to the design and implementation of the Euro and Euro-related institutions. . .'

• Contents: Preface 1. The Two Concepts of Money: Implications for the Analysis of Optimal Currency Areas 2. Mr Goodhart and the EMU 3. The Creditary / Monetarist Debate in Historical Perspective 4. Some Limitations of the Chartalist Perspective: A Comment on ‘The Two Concepts of Money’ 5. The Neo-Chartalist Approach to Money 6. Nominal Money, Real Money and Stabilization 7. Money as a Social Institution: A Heterodox View of the Euro 8. Neglected Costs of Monetary Union: The Loss of Sovereignty in the Sphere of Public Policy 9. A Reply to the Contributors Index

Edited by Stephanie A. Bell, Assistant Professor of Economics, University of Missouri, Kansas City, US and Edward J. Nell, Malcolm B. Smith Professor of Economics, The New School for Social Research, US

'. . . This book is a short, readable, and valuable contribution toward understanding money's origin and the role that understanding can play in monetary policy analysis and monetary regime design. It raises some important issues with respect to the design and implementation of the Euro and Euro-related institutions. . .'

• Contents: Preface 1. The Two Concepts of Money: Implications for the Analysis of Optimal Currency Areas 2. Mr Goodhart and the EMU 3. The Creditary / Monetarist Debate in Historical Perspective 4. Some Limitations of the Chartalist Perspective: A Comment on ‘The Two Concepts of Money’ 5. The Neo-Chartalist Approach to Money 6. Nominal Money, Real Money and Stabilization 7. Money as a Social Institution: A Heterodox View of the Euro 8. Neglected Costs of Monetary Union: The Loss of Sovereignty in the Sphere of Public Policy 9. A Reply to the Contributors Index