Betriebsorganisation und Betriebsabrechnung

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Monograph

Identifikator:: 176196223X

URN:: urn:nbn:de:zbw-retromon-144583

Document type:: Monograph

Author:: Brasch, Hans http://d-nb.info/gnd/1011578441

Title:: Betriebsorganisation und Betriebsabrechnung

Place of publication:: Berlin

Publisher:: Stilke

Year of publication:: 1928

Scope:: 139 Seiten; graph. Darst.

Digitisation:: 2021

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: 3. Die Arbeitsvorbereitung

Collection:: Economics Books

122 POLITICAL ECONOMY even this proposition, defining the principle on which gold is distributed between money and the arts, is not, when stated in general terms, peculiar to the doctrine of money. It holds of all cases where demand is com posite. To take again our previous example, wood would be so distributed between house building, furniture-making, and boat-building, that the marginal utilities of wood for all these purposes would be the same. In order to bring the theory of money exactly into line with the theory of the prices of things, it must finally be remarked that what is designated purchasing-power in the case of money corresponds with what is designated price in the case of other things. Media of exchange cannot have a price proper, that is an exchange value in terms of money, because the exchange value of a thing cannot be expressed in terms of itself. But the price of a thing means the amount of money that it will buy, because the price is the amount of money which will buy it, and exchange is a simply convertible relation. Now what a unit of money will buy is called its purchasing power. Consequently, employing the term “ price ” broadly, to indicate exchange value and not merely exchange value in money, we may say that the purchasing power of money

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