Explain the chartalist concept of money.

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Pages: 1
Subject: Uncategorized

The Sociology of Money and Economic Exchange 1. Explain the chartalist concept of money! [Ch.4] 2. What three developments allowed the creation of credit-based money (in Mesopotamia)? Why was it related to centralized political power? [Ch. 2] 3. During the Middle Ages there were quite a few mints in Europe. Who profited from their operation? [Ch.5] 4. Explain the concept of “liquidity”! [Ch. 12] 5. How was Bretton Woods agreement important (and beneficial)? (Felix Martin book”Money”)

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