Abstract

“Historicizing the money of account: a critique of the nominalist ontology of money” (Journal of Post Keynesian Economics, 3, 43) argues that “money itself” is always something more than money of account; that nominalists mistakenly believe that Keynes shared their position; and that money of account is historically specific to medieval Europe. This response contends that the case is based on misinterpretation, misunderstanding, and imprecise arguments.

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