The Theory of Money and Credit [N ed.] 9781626365223, 1626365229, 9781620871614

"It is impossible to grasp the meaning of the idea of sound money if one does not realize that it was devised as an

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English, German Pages 493 Year 2013

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The Theory of Money and Credit [N ed.]
 9781626365223, 1626365229, 9781620871614

Table of contents :
Content: Cover Page
Title Page
Copyright
Contents
Preface to the New Edition
Introduction by Professor Lionel Robbins
Preface to English Edition
Preface to Second German Edition
Part One the Nature Of Money
Chapter I The Functions of Money
1 The General Economic Conditions for the Use of Money
2 The Origin of Money
3 The 'Secondary' Functions of Money
Chapter II On the Measurement of Value
1 The Immeasurability of Subjective Use-Values
2 Total Value
3 Money as a Price-Index
Chapter III The Various Kinds of Money
1 Money and Money-Substitutes. 2 The Peculiarities of Money-Substitutes 3 Commodity Money, Credit Money, and Fiat Money
4 The Commodity Money of the Past and of the Present
Chapter IV Money and the State
1 The Position of the State in the Market
2 The Legal Concept of Money
3 The Influence of the State on the Monetary System
Chapter V Money as an Economic Good
1 Money neither a Production Good nor a Consumption Good
2 Money as Part of Private Capital
3 Money not a Part of Social Capital
Chapter VI The Enemies of Money
1 Money in the Socialist Community
2 Money Cranks. Part Two the Value of MoneyChapter I The Concept of the Value of Money
1 Subjective and Objective Factors in the Theory of the Value of Money
2 The Objective Exchange-Value of Money
3 The Problems Involved in the Theory of the Value of Money
Chapter II The Determinants of the Objective Exchange-Value, or Purchasing Power, of Money
(I) The Element of Continuity in the Objective Exchange-Value of Money
1 The Dependence of the Subjective Valuation of Money on the Existence of Objective Exchange-Value. 2 The Necessity for a Value Independent of the Monetary Function before an Object can serve as Money 3 The Significance of Pre-existing Prices in the Determination of Market Exchange-Ratios
4 The Applicability of the Marginal-Utility Theory to Money
5 'Monetary' and 'Non-Monetary' Influences Affecting the Objective Exchange-Value of Money
(II) Fluctuations in the Objective Exchange-Value of Money evoked by Changes in the Ratio between the Supply of Money and the Demand for it
6 The Quantity Theory
7 The Stock of Money and the Demand for Money. 8 The Consequences of an Increase in the Quantity of Money while the Demand for Money remains Unchanged or does not Increase to the same extent 9 Criticism of some Arguments against the Quantity Theory
10 Further Applications of the Quantity Theory
(III) A Special Cause of Variations in the Objective Exchange-Value of Money arising from the Peculiarities of Indirect Exchange
11 'Dearness of Living'
12 Wagner's Theory: the Influence of the Permanent Predominance of the Supply Side over the Demand Side on the Determination of Prices.

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