Die konsumgenossenschaftliche Gütervermittlung, ihre Technik und wirtschaftliche Bedeutung

Geburtenrückgang u. Sozialreform

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Monograph

Identifikator:: 898897718

URN:: urn:nbn:de:zbw-retromon-20842

Document type:: Monograph

Author:: Ecker, Alexander

Title:: Taxämter oder private Schätzungen?

Place of publication:: Essen-Ruhr

Publisher:: Verlag von W.F. Schulte

Year of publication:: 1913

Scope:: 1 Online-Ressource (74 Seiten)

Digitisation:: 2017

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

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Document type:: Monograph

Structure type:: Chapter

Title:: I. Die Wertschätzung städtischer Grundstücke zu Beleihungszwecken

Collection:: Economics Books

194 MODERN MONETARY SYSTEMS in purchasing power applicable to long-term contracts there is no really practical solution for the legal problem arising out of the instability of a monetary standard or, more accurately, out of variations in the purchasing power of a currency. Hence our real problem is to prevent these variations themselves; but here we come back to the domain of economics. § 3. Conditions for an economic solution of the problem. The problem of obtaining a currency with a constant purchasing power has long engaged the attention of economists. Walras, in particular, proposed in 1876 a monetary system involving the gold standard—gold alone being admitted free coinage—with a regulating subsidiary silver currency. This means that the issue or withdrawal from circulation of the supplementary silver would have been, in the view of the author, such as to compensate price variations by compensating variations in the volume of currency, i.e., contraction in the event of a rise and expansion in the event of a fall. There is a somewhat similar idea behind the plans put forward by Mr. Irving Fisher, even before the war, for a compensating dollar, that is to say a dollar with a varying content of gold. The same idea dominates the Cassel plans for monetary stabilisation ; for while the object of the latter is to stabilise the exchanges by maintaining purchasing power parity, it is by first regulating the monetary circulation of the country concerned that he proposes to regulate the internal purchasing power of its currency and thereby the desired parity between that internal purchasing power and the external purchasing power resulting from the exchange. Mr. Irving Fisher’s plan was formulated and discussed even before the war.2 1 See his mathematical theory of bimetallism, which appears in the Fournal des Economistes of December 1876 and in various subsequent writings. 2 See “De la Nécessité dune Conférence Internationale sur le Colt de la

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