Die Theorie des Geldes

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Monograph

Identifikator:: 82999274X

URN:: urn:nbn:de:zbw-retromon-86719

Document type:: Monograph

Author:: Hildebrand, Richard http://d-nb.info/gnd/116803169

Title:: Die Theorie des Geldes

Place of publication:: Jena

Publisher:: Fischer

Year of publication:: 1883

Scope:: 1 Online-Ressource (V, 146 S.)

Collection:: Economics Books

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Geldmenge und Waarenpreise. 103 Unterzieht man die vorstehende Theorie einer kri tischen Betrachtung, so erscheint zunächst und vor der besonderen IFaare und der Nachfrage nach derselben, und zwei tens von dem Ferhältnisse zwischen dem allgemeinen For rat he des Umsatzmittels und der Nachfrage nach demselben.^* Ferner p. 390 if. Ricardo, The high price of bullion etc.: ,,If a mine of gold were discovered in either of these countries, the currency of that country would be lowered in value in consequence of the increased quantity of the precious metals brought into circulation, and would therefore no longer be of the same value as that of other countries. Gold and sil ver, whether in coin or in bullion, obeying the law which regulates all other commodities, would immediately become articles of exportation, they would leave the country, where they were cheap, for those coun tries where they were dear. — If instead of a mine being discovered in any country, a hank were established, such as the Hank of Eng land, with the power of issuing its notes for a circulating medium, after a large amount had been issued, either by way of loan to merchants, or by advances to Government, thereby adding conside rably to the sum of the currency, the same effect would follow as in the case of tke mine. The circulating medium would be lowered in value and goods would experience a pro portionate rise. The equilibrium between that and other nations would only be restored by the exportation of part of the coin.** — ,,It is evident, then, that a depreciation of the circulating medium is the necessary consequence, of its redun dance; and that in the common state of the national currency this depreciation in counteracted by the exportation of the precious me-

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