Inhaltsangabe
Excerpt from The Disturbance in the Standard of Value
In preparing the present edition I have made important additions in order to embrace every point that should be considered in a comprehensive view of the theory of money, and of the historical evolution of the mone tary question with which we are face to face to-day.
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This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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The Disturbance in the Standard of Value (Classic Reprint)
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Paperback. Zustand: New. Print on Demand. This book examines the historical role of gold and silver as money and the subsequent change in monetary standards. The author argues that removing one half of the monetary basis, by demonetizing silver, creates instability in the value of the whole. In exploring the functions of money as a medium of exchange, store of value, and standard of measurement, the author explains that only full-powered metallic money is capable of performing all of these functions in an enduring way. The book challenges the quantitative theory of money and introduces a new theory, positing that it is a country's monetary demand in relation to its supply that determines the value of money. This thoughtful analysis will appeal to anyone seeking to understand monetary policy, banking, and the historical and modern evolution of money. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Bestandsnummer des Verkäufers 9781334469824_0
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The Disturbance in the Standard of Value Classic Reprint
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PAP. Zustand: New. New Book. Shipped from UK. Established seller since 2000. Bestandsnummer des Verkäufers LW-9781334469824
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The Disturbance in the Standard of Value Classic Reprint
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PAP. Zustand: New. New Book. Shipped from UK. Established seller since 2000. Bestandsnummer des Verkäufers LW-9781334469824
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