Money is what money does this definition was given by?
Monday, May 08, 2023
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Question: Money is what money does this definition was given by?
The definition "Money is what money does" is often attributed to economist and philosopher, John Maynard Keynes. He used this phrase in his book "The General Theory of Employment, Interest and Money" to explain the idea that the value of money lies not in its physical properties, but in what it can be used for or what it can buy. In other words, the value of money is derived from its purchasing power and the economic activity it can generate, rather than its intrinsic value.
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