﻿The Value of Money

By B. M. ANDERSON, Jr., Ph.D.

Assistant Professor of Economics, Harvard University
Author of “ Social Value ”

Cloth, izmo, $2.25

Convinced of the fact that the value of money cannot be studied suc-
cessfully as an isolated problem, the author of this text considers virtually
the whole range of economic theory in connection with the conclusions
he reaches concerning the central problem of this book. The following
topics are discussed: the general theory of value; the role of money in
economic theory and the functions of money in economic life; the value
of money in relation to the law of supply and demand, in relation to the
doctrine of cost of production, and in relation to the capitalization theory;
the theory of the values of stocks and bonds, of “ good will,” established
trade connections, trade-marks, and other “intangibles”; the theory of
credit, including the relations of credit to value and of credit to money;
the causes governing the volume of trade, and particularly the place of
speculation in the volume of trade; the relation of “static” economic
theory to “ dynamic ” economic theory.

In addition to the theoretical matter, which is keen, original and most
ably presented, there is a large amount of new, unpublished, practical
material regarding the workings of the stock market, the money market,
the general range of speculation and the measurement of the volume of
trade, etc.

The book will be of interest to college and university students, espe-
cially in view of the fact that the economic theory which it advances is
a challenge to the existing theories on the subject.

THE MACMILLAN COMPANY

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