Words are the tokens current and accepted for conceits as moneys are for values. Francis Bacon (1561–1626), The Advancement of Learning (1605) 1.01 The troublesome question, ‘what is money?’ has so frequently engaged the minds of economists that a lawyer might hesitate to join in the attempt to solve it. Yet the true answer must, if possible, be determined. For ‘money answers everything’.1 Money is a fundamental notion, not only in the economic life of mankind,2 but also in many spheres of law. It therefore seems appropriate for the lawyer to seek a definition of...
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