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Historicizing the money of account—a rejoinder

Sgambati, S. ORCID: 0000-0001-7324-0724 (2021). Historicizing the money of account—a rejoinder. Journal of Post Keynesian Economics, 45(2), pp. 329-337. doi: 10.1080/01603477.2021.1993071


“In Defence of the Nominalist Ontology of Money” by Geoffrey Ingham (published by the Journal of Post Keynesian Economics in 2021) contends that “Historicising the Money of Account: A Critique of the Nominalist Ontology of Money” (published by the same journal in 2020) is based on misunderstanding, misrepresentation, and imprecisions. The core proposition in “Historicising the Money of Account” is that the money of account, which is generally understood to be a universal attribute of money, is in fact an institution of late medieval and early modern times that has no significant equivalent in today’s world (or in the ancient world, for that matter). This reply is intended to provide further clarification on the historical and ontological specificity of the late medieval institution of the money of account.

Publication Type: Article
Additional Information: This is an Accepted Manuscript version of the following article, accepted for publication in Journal of Post Keynesian Economics. Stefano Sgambati (2021) Historicizing the money of account—a rejoinder, Journal of Post Keynesian Economics. It is deposited under the terms of the Creative Commons Attribution-NonCommercial License (, which permits non-commercial re-use, distribution, and reproduction in any medium, provided the original work is properly cited.
Publisher Keywords: Brand activism, free speech boundary work, controversial branding, moral competency, brand morality, economies of worth
Subjects: H Social Sciences > HD Industries. Land use. Labor
H Social Sciences > HN Social history and conditions. Social problems. Social reform
Departments: School of Policy & Global Affairs > International Politics
SWORD Depositor:
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