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http://cide.repositorioinstitucional.mx/jspui/handle/1011/835| Chocolate money | |
| Alexander Dentler | |
| Acceso Abierto | |
| Atribución-NoComercial-SinDerivadas | |
| Chocolate industry -- Costs. Commodity-backed bonds. Gold standard. | |
| Why did people exert considerable eort ongold production when chocolate is cheaper and it can serve as money as well? Production costs determine a commodity’s use as money, as a consumption good, or as both. Three results emerge: rst, the production must be costly enough for a commodity to become money. Second, the relationships between costs and both, monetary supply and monetary trade, are, non-monotonic. Third, production costs determine the transaction value of a commodity when it is used as money only. This results supports a conjecture of Jevons that a good must be valued to function as money. | |
| Centro de Investigación y Docencia Económicas A. C. | |
| 2019 | |
| Documento de trabajo | |
| Inglés | |
| Estudiantes Investigadores | |
| CIENCIAS SOCIALES | |
| Versión publicada | |
| publishedVersion - Versión publicada | |
| Aparece en las colecciones: | División de Economía, Documentos de Trabajo |
Cargar archivos:
| Fichero | Descripción | Tamaño | Formato | |
|---|---|---|---|---|
| 000164984_documento.pdf | Documento electrónico | 937.33 kB | Adobe PDF | Visualizar/Abrir |