Özet:

Recently, it is frequently asked whether digital currencies such as Bitcoin will replace the “money as we know it”. So the debates about conceptual existence of money and its relationship with total social value have started to gain importance. This study aims to discuss how the money-value relationship is theoretically grounded under mainstream economics rather than a conceptual approach to money. Money studies are mostly handled through the functions of money. Since this study is seen as an introduction to a conceptual study of money, unlike the existing literature, money is discussed in the context of its relationship with value. In the study money is considered as a form of value so it becomes important what value is and how is established its relationship with money. Since money is examined in the context of its relationship with value, due to labor theory of value Classical theory, due to utility theory of value Neoclassical theory has been discussed. And Keynes' monetary approach has been discussed because of making a monetary economy analysis although it is not clearly associated with value theory. Monetarist and Keynesian approaches, which are among the mainstream approaches, are excluded from the scope of the study because they do not deal with money through the concept of value. In the study one of the qualitative research methods, text analysis method, has been used on primary and secondary texts for a literature review. Basically, it has been seen that what money is and the relationship between money and value is not clearly revealed in mainstream economics approaches. It has been seen that this relationship is redefined over money and price and it is avoided to associate it with the social distribution relationship included in the labour theory of value.

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