we can consider the quality of money as comparable to the q…

Twetch ·

we can consider the quality of money as comparable to the quality of some "public utility" like the supply of electric energy or of water.

Replies

Twetch ·

assume that the aim of all participants in the economic system is money, or equivalently a single monetary commodity unrestrictedly divisible and freely transferable and identical, with whatever "satisfaction" or "utility" is desired by each participant