Jürg Niehans Quote

Money is here called the a medium and not, as customary, a unit of account because, clearly, money itself is not a unit, but the good whose unit is used as the unit of account.

p. 118 - The theory of money, 1978

Money is here called the a medium and not, as customary, a unit of account because, clearly, money itself is not a unit, but the good whose unit is...

Money is here called the a medium and not, as customary, a unit of account because, clearly, money itself is not a unit, but the good whose unit is...

Money is here called the a medium and not, as customary, a unit of account because, clearly, money itself is not a unit, but the good whose unit is...

Money is here called the a medium and not, as customary, a unit of account because, clearly, money itself is not a unit, but the good whose unit is...