ABSTRACT
Money pervades our everyday life. We use it to finance our purchases, taxes and other expenses. We consult our various accounts in euros or dollars to check our economic situation. Money, accounting, banks, etc. seem to be the stuff economic activity is made of. Conceiving money as a commodity may appear strange in regard of what ordinary economic life suggests. Money hides what economic relations are about. Money has to be discarded at the first step because it is not a relevant expression of wealth. Monetary analysis introduces the element of money on the very ground floor of analytical structure and abandons the idea that all essential features of economic life are represented by a barter-economy model. Value analysis to money has been adopted by the academic profession. In that spirit, a good theory must first of all justify that money be introduced amongst commodities.
