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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36 Capitel 11. Die vorstehende Theorie scheint mir in mehrfacher Beziehung mangelhaft zu sein. credit of Great Britain, London 1802, deutsch von Jacob, Halle 1803. p. 43, 52—66, 357, 438—439. Ricardo, The high price of bullion a proof of the depre ciation of banknotes, London 1809 (Works ed. M’Culloch London 1871 p. 284 — 285): ,,The value of the circulating medium of every country bears some proportion to the value of the commodities which it circulates. In some countries this proportion is much greater than in others, and varies, on some occasions, in the same country. It depends upon the rapidity of circulation, upon the degree of confidence and credit existing between traders, and, above all, on the judicious operations of banking. In England so many means of economizing the use of circulating me dium have been adopted, that its value, compared with the value of the commodities which it circulates, is probably {during a period of confidence) reduced to as small a proportion as is practicable'^ J. S. Mill, Princ. of pol. econ. B. Ill, Ch. VII, § 3, p. 300: ,,If we assume the quantity of goods on sale, and the number of times those goods are resold, to be fixed quantities, the value of money will depend upon its quantity, together with the average number of times that each piece changes hands in the process". — ,,The amount of goods and of transactions being the same, the value of money is inversely as its quantity multiplied by what is called the rapidity of circulation". ,,If each piece of money changes hands on an average ten times ivhile goods are sold to the value of a million sterling, it is evident that the money required to circulate those goods is 100000 iß." Cap. XI: ,,Of credit, as a substitute for money". 11 au I (7. A. 1863) p. 324, 325. Roscher, I (11. A. 1868) § 123.

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