The Economics of Money and Banking Chapter 2 Money and Monetary System >>Marx's Theory of Money:Labor and Money 1 Theory of labor value The different kinds of individual labor Money and the paymer ↓ Social labor 马克思 The exchange process Money is a kind of 三 special Measurement of social labor time System commodity that serves as a general Monetary system equivalent 6 GUO YING SEM TONGJI UNIVERSITY
The Economics of Money and Banking 6 GUO YING SEM TONGJI UNIVERSITY 1 Marx’s Theory of Money: Labor and Money The different kinds of individual labor Money and the payment System Theory of labor value Social labor The exchange process Measurement of social labor time Monetary system Money is a kind of special commodity that serves as a general equivalent Chapter 2 Money and Monetary System
The Economics of Money and Banking Chapter 2 Money and Monetary System 》》 Evolution of Payment System 1 Type Content Barter The exchange of merchandise for merchandise, without value equivalence Money and the payment system Commodity Money Accepted by all,some goods assumed the role of currency,circulating as an element of exchange for other products and used to assess their value. 7 GUO YING SEM TONGJI UNIVERSITY
The Economics of Money and Banking 7 GUO YING SEM TONGJI UNIVERSITY Money and the payment system 1 Type Content Barter The exchange of merchandise for merchandise, without value equivalence Commodity Money Accepted by all, some goods assumed the role of currency, circulating as an element of exchange for other products and used to assess their value. Evolution of Payment System Chapter 2 Money and Monetary System