Credit and State Theories of Money

The Contributions of A. Mitchell Innes

L. Randall Wray,

Credit and State Theories of Money: The Contributions of A. Mitchell Innes
 
 
In 1913 and 1914, A. Mitchell Innes published a pair of articles that stand as two of the best pieces written in the twentieth century on the nature of money. Only recently rediscovered, these articles are reprinted here for the first time. In addition, five new contributions analyze and extend the approach of Innes in a number of directions by including historical, anthropological, sociological, archeological, and economic analyses of the nature of money. In Credit and State Theories of Money, Professor Randy Wray continues and extends the influential tradition established by his path-breaking contribution Money and Credit in Capitalist Economies (1990). The focus in the current book is on the work of A. Mitchell Innes and his contributions in the early 20th century which had caught Keynes's eye. This focus enables this important contribution to push the frontiers of our knowledge on monetary and credit phenomena both in terms of analysis and of their historical development.


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