Austrian economists whose research deals with the intersection of monetary economics and political economy will benefit from reading this volume. . . .The author’s work is genuinely raising new questions, and reframing old questions in a way that makes them relevant to the current debate over monetary institutions. I encourage Austrian economists working on monetary economics with an institutional focus . . . to engage this work, to build further both positive and normative arguments for robust monetary institutions.

The Review of Austrian Economics

I learned much from reading it and recommend it to those seeking an overview of the major issues embedded in money—philosophical, commercial, economic, and political, economic—as well as to those seeking a distinctive and well-integrated analysis and a set of policy recommendations for developing sound money.

Stephen Hicks, Chair, Philosophy Department, Rockford College

The Ontology and Function of Money is a terrific source for scholars wishing to delve more deeply into the history of the philosophy of money and to consider how influential philosophies may be shaping present-day monetary institutions, including central banks and their increasingly esoteric policies.... Beyond its rarity, this book will illuminate and expand any mind that is aware of how contemporary monetary policy is assessed primarily in formal or technical ways... It is also fruitfully interdisciplinary—no easy thing to execute.... [The book] it should be a worthwhile read both for technicians wishing to check their roots and for market critics willing to widen their horizons.

The Independent Review: A Journal of Political Economy

In The Ontology and Function of Money: The Philosophical Fundamentals of Monetary Institutions, Dr. Leonidas Zelmanovitz has ambitious plans. He seems to have read everything important related to money by philosophers, economists, historians, and sociologists…. The result is a substantial volume that is deeply meditative and the opposite of foolish. I learned much from it and recommend it to those seeking an overview of the major issues embedded in money—philosophical, commercial, economic, and political—as well as to those seeking a distinctive and well-integrated analysis and a set of policy recommendations for developing sound money.

Law and Liberty Online

This ambitious new book on the foundations of money and monetary institutions...is an impressive interdisciplinary exercise. . . .Zelmanovtiz's book will be appreciated by the initiated reader. It raises a very large number of relevant questions and puts together, in a thought-provoking way, a wealth of notions and concepts.

Quarterly Journal Of Austrian Economics

The book here is an ambitious work that could well be described as a modern Treaty on monetary institutions and monetary policy.... It is a deep work that contains an academic rigor worthy of a doctoral thesis.... [T]he book may well have a revolutionary impact, a gateway to a broad heterodox bibliography on the monetary topic. (Translated from the original Spanish)

RIIM