Grundriß der allgemeinen Volkswirtschaftslehre: Verkehr, Handel und Geldwesen. Wert und Preis. Kapital und Arbeit. Einkommen. Krisen, Klassenkämpfe, Handelspolitik. Historische Gesamtentwickelung

Verkehr, Handel und Geldwesen. Wert und Preis. Kapital und Arbeit. Einkommen. Krisen, Klassenkämpfe, Handelspolitik. Historische Gesamtentwickelung (2.1904)

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Multivolume work

Identifikator:: 1887156356

Document type:: Multivolume work

Author:: Schmoller, Gustav von http://d-nb.info/gnd/118609378

Title:: Grundriß der allgemeinen Volkswirtschaftslehre

Place of publication:: Berlin [u.a.]

Publisher:: Duncker & Humblot

Year of publication:: 1900-

Collection:: Economics Books

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Volume

Identifikator:: 1887256288

URN:: urn:nbn:de:zbw-retromon-242253

Document type:: Volume

Author:: Schmoller, Gustav von http://d-nb.info/gnd/118609378

Title:: Verkehr, Handel und Geldwesen. Wert und Preis. Kapital und Arbeit. Einkommen. Krisen, Klassenkämpfe, Handelspolitik. Historische Gesamtentwickelung

Volume count:: 2.1904

Place of publication:: Berlin [u.a.]

Publisher:: Duncker & Humblot

Year of publication:: 1904

Scope:: X, 719 S.

Digitisation:: 2022

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Multivolume work

Structure type:: Chapter

Title:: Viertes Buch. Die Entwickelung des volkswirtschaftlichen lebens im ganzen

Collection:: Economics Books

CONTENTS PALS § 5. THE VALUE OF MONEY OR GENERAL LEVEL oF PRICES WHERE THE UNIT OF ACCOUNT is A BANK NoTE or CURRENCY NOTE . 39-63 Convertible Notes get into circulation because more sonvenient than coin . ’ . " . . Inconvertible notes are sometimes convertible notes which have lost their convertibility, but are generally documents made legal tender by law . : " Notes convertible into exportable and meltable coin tend to diminish the value of coin and of bullion . . But cannot fall below the value of the bullion into which they are convertible . . . . . {nconvertible notes may fall below face value . And so may notes convertible only into coin which may not be exported or melted . . . The depreciation is usually rapid > . . Various arguments being used in their favour . . And higher prices being absurdly supposed to show need for more currency . . . . " If no check is imposed, the end comes at last with sudden drop in the value of the notesto nil . - : 30-43 43-6 46-4 47-9 409-53 53-4 54-5 55-8 58-62 62-2 PART II. FURTHER ELUCIDATIONS § 1. TaE SuppLYy OF CURRENCY AND THE * QUAN- T1Tvy THEORY ’ . The true theory of the value of money is not identical with, but includes, the quantity theory . . . The quantity is to be taken as the stock rather than the annual output ’ . . ; : . Why does increase of quantity reduce value? . How much does increase of quantity reduce value ? . Not alwavs in equal proportion . . § 2. THE DEMAND FOR CURRENCY The demand for currency is to be taken as the demand for currency to hold, not merely to pass on in purchases Causes of variation in demand . . . . How much does an increase of demand raise value ? 64—71 64-5 65-6 667 67-9 bo~-*1 ”T—8 77-4 7 8 L-.

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