Die Konsumtion

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Monograph

Identifikator:: 1794855874

URN:: urn:nbn:de:zbw-retromon-179223

Document type:: Monograph

Author:: Polner, Tichon I. http://d-nb.info/gnd/172311195

Title:: Russian local government during the war and the Union of Zemstvos

Place of publication:: New Haven

Publisher:: Yale Univ. Press

Year of publication:: 1930

Scope:: XXV, 317 S.

Digitisation:: 2022

Collection:: Economics Books

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CHAPTER Y MONEY Sometimes the explanation of the purchasing power of money is put forward as a distinct and independent theory which is no part of, though closely analogous to, the general theory of value. I shall hope to demonstrate, however, that it contains nothing funda mentally new. In the problem of the purchasing power of money the general theory of value is again ensconced, but so veiled with peculiar conditions which the student has not previously analysed that he is not to be blamed if at first he fails to detect beneath its disguises an old friend. In order to get a proper grasp of what the true explanation of the purchasing power of money is, it is imperative to bear in mind that money is essentially a commodity or a promise to deliver a commodity. The truth of this statement becomes apparent when we briefly note how the use of money has evolved. Originally, no doubt, every exchange was 115

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