Macroeconomics 9th Edition by David Colander

Exercise 46

In Institutional economists' view, money not only serves as a medium of exchange, a unit of account, and a store of wealth, it also operates as an idea that shapes human understanding and interaction.onstruct a list of examples during a day's interactions where money operates as an idea whereby people interact or attempt to understand a situation.or example, a friend might say, "Sherry is dating Herbert; she can do better than that!" (Institutionalist)