||About the Author|MASSIMO AMATO teaches economic history and history of economic thought at Bocconi University, Italy. His publications concern the history of money and of monetary thought. His more recent book entitled: The Enigma of Money deals with t
Money is an important instrument of calculation: as a unit of account and means of payment, it serves the purpose of exchange. Yet, it is increasingly becoming itself an object of exchange and calculation on financial markets, which tend less to the production and exchange of real goods. The question therefore is: has the economy lost its measure?
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