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What do we call money? An appraisal of the money or non-money view

机译:我们称金钱为什么?

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Part of the debate fueled by cryptocurrencies has revolved around the question of what we call money. This paper identifies two traditions in monetary theory that have tried to answer that question. On the one hand, the money or non-money view follows a strategy proposed by a version of philosophical essentialism, in which there is a set of defining characteristics of money that make it categorically different from other things used in transactions. On the other hand, the liquidity degree view emphasizes that the multiple objects that circulate as a means of payment differ in their degree of acceptability. Since there is no absolute standard of liquidity, a precise dividing line between money and non-money cannot be drawn. We challenge the money or non-money view, arguing that there is nothing in the nature of money that can be interpreted as a natural kind essence by which money can be categorically separated from non-money.
机译:加密货币引发的部分辩论围绕我们所谓的货币问题展开。本文确定了试图回答该问题的两种货币理论。一方面,货币或非货币观点遵循一种哲学本质主义提出的策略,其中存在一组定义的货币特征,使其与交易中使用的其他事物完全不同。另一方面,流动性观点强调,作为支付手段流通的多个对象的接受程度不同。由于没有绝对的流动性标准,因此无法在货币和非货币之间划出精确的分界线。我们质疑货币或非货币的观点,认为货币的本质上没有任何东西可以解释为自然种类的本质,借以将货币与非货币明确区分。

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