Kritische Studien zum wirtschaftlichen Problem des Zwei- und Dreischichtensystems in Hochofenbetrieben

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Identifikator:: 1750799545

URN:: urn:nbn:de:zbw-retromon-125444

Document type:: Monograph

Author:: Schönfeld, Hans http://d-nb.info/gnd/129442534

Title:: Kritische Studien zum wirtschaftlichen Problem des Zwei- und Dreischichtensystems in Hochofenbetrieben

Place of publication:: Jena

Publisher:: Fischer

Year of publication:: 1926

Scope:: IV, 86 Seiten

Digitisation:: 2021

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: III. Teil. Lohn und Rentabilität bei Veränderung der Arbeitszeit

Collection:: Economics Books

CONCLUSION The reader was reminded in the introduction to this work that the classical theory of money rests on certain simple data such as the idea of commodity and the idea of quantity. Deductive reasoning easily draws various combinations from these data, which seem at first sight to be applicable to almost all circumstances. We have, how- ever, proved in our study of contemporary monetary phenomena that such conclusions—often far too hasty— will provide only crude explanations in some cases and in others rules which do not square with the facts. In par- ticular we have emphasised that crude theories drawn merely from ideas of quantity and commodity will not suffice to explain the phenomena of so-called depreciation. We have seen, particularly in the case of India, that certain thinkers, governed by considerations which were too abstract, fell wide of the mark. We have also seen in re- viewing the exchange crisis at the end of the 19th century and the present crisis, that the facts will often not square with dogmatic theories which have been elaborated too soon. After considering the most general propositions of the classical doctrine, we were led to subject the Quantity Theory which governs that doctrine to certain reserva- tions. It is not a question of contesting the accuracy of the initial observation on which it rests. But the proposition which it puts forward has reference to the observation of a closed market in which, by hypothesis, supply can no longer answer to a rise in demand as shown by an increase in the media of payment. We have shown that it is neces- sary to take great precautions in applying observations about a static condition to a market which is animated by continuous movement. The Quantity Theory rests on a 22Q

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