Steve Roth — Four Definitions of Money. All Correct.

Summary:
Understanding what we mean by the most important word in economics. The meaning of ordinary language terms is relative to use in context. Conversely, technical terms are defined operationally. The same sign can be used for different technical terms, although such use is discouraged as confusing, but not in the same context, where only one operational definition applies.Unfortunately, economics often employs ordinary language terminology with specifying the meaning operationally. Confusion ensues.EvonomicsFour Definitions of Money. All Correct. Steve Roth | Publisher of Evonomics

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Mike Norman considers the following as important: money

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