Grundzüge der Theorie der Statistik

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Monograph

Identifikator:: 1782637850

URN:: urn:nbn:de:zbw-retromon-178813

Document type:: Monograph

Author:: Westergaard, Harald http://d-nb.info/gnd/117574163; Nybølle, Hans Cl. http://d-nb.info/gnd/127386696

Title:: Grundzüge der Theorie der Statistik

Edition:: 2., völlig umgearb. Aufl.

Place of publication:: Jena

Publisher:: G. Fischer

Year of publication:: 1928

Scope:: 640 Seiten

Digitisation:: 2022

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: Einleitung

Collection:: Economics Books

232 MODERN MONETARY SYSTEMS its commercial rate (or its “intrinsic” value) in our opinion, far from being the basis of its monetary value, was more or less the result of the system of free coinage which ensures that the quantity produced, whatever it may be, will flow into the various monetary units at a fixed price. And so it has led us to define our conception of a standard. These concluding theoretical considerations are not in- dispensable for the understanding of all monetary phenomena. But we believe that they will contribute to an understanding of some of these phenomena and in particular those which are connected with the working of bimetallism during the first three quarters of the 19th century, and which would be inexplicable if money were conceived as a commodity or if its legal value were deter- mined by a commercial rate. Finally, when we come to practical application, we have attempted to show that the conception to which a scientific study of monetary phenomena leads contains the elements of the solution of some of the most serious problems of the present day.

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Full text: Modern monetary systems

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