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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119 Geldmcnge und Waarenpreise. allen Anhängern des sog. „Currencyprinciple" hn- det^®), sondern welches auch erst kürzlich wieder von passages in an article in the Edinburgh review, on the depre ciation of paper currency (Appendix zu d. IV. Aufl. der oben genannten Schrift, Works of R. by M® Cu 11 och p. 291 ff.): J,— erro no us doctrine of the merchants, that money might be exported in exchange for commodities, although money were not cheaper in the exporting country.^* — ,,jdn unfa V our ab le balance of trade, and a consequently low exchange, may in all cases he traced to a rela tively redundant and cheap currency.** — ,,^ bad har vest operates on the exchange in no other way than by causing the currency, which was before at its just level, to become redundant, and thus is the princi ple that an unf a vour a b le e xc h a ng e may always he tra ced to a relatively redundant currency most fully exem plified.** Reply to Bosanquets observations on the report of the Bullion Comitee p. 338; ,,lf 'ho would be at the trouble and risk of sending guineas to the Continent to he sold there for their value as bullion, while the value of bullion continued here as high as before, and consequently as high as the price abroad. H^ould not the coin be melted and sold as bullion at home, till the value of bullion had so much diminished in its relative value to the bul lion of other countries, and therefore to the relative value of com modities here, as to pay the expenses of transportation, or, in other words, till the exchange had fallen to the price at which it would repay such expenses.** 59) Vgl. u. A. M® Culloch a. a. O. p. 12: ,,The fact of the, exchange being unfavourable and an efjlua of gold taking place, shows that the currency is in excess, and should be diminished.**

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