โ Scribed by Professor Dr. Rudolf Richter (auth.)
No coin nor oath required. For personal study only.
The central idea of this book is the concept of a currency order. Monetary theory is developed as a theory of currency orders. The book expands the neoclassical theory of currency orders. This new way of looking at the problems permits a general view of the subject matter of monetary theory and policy which so far does not exist. The concept of transaction costs is used throughout. The book deals not only with the theories of the demand for and the supply of money, the banking firm, and the purchasing power of money. It also presents a theoretically based discussion of the great topics of monetary policy of our time: fixed vs. flexible exchange rates, gold vs. paper, rules vs. authority for the central banks, governmental currency monopoly vs. competition of private currencies, regulation vs. deregulation of commercial banks. The book is suitable as a text for students with a knowledge of money and banking and intermediate microeconomics. It offers a consistent and well-written presentation of the subject matter, as well as an extensive list of further readings.
Front Matter....Pages I-XVI
Front Matter....Pages 1-1
General Equilibrium Theory: An Outline....Pages 3-29
Capital Theory....Pages 31-64
The Economics of Institutions....Pages 65-96
Front Matter....Pages 97-97
The Nature of Money....Pages 99-135
An Abstract Book-Money Economy....Pages 137-185
The Quantity of Money and the Prices of Goods....Pages 187-232
Safeguarding the Value of Money: Some Basic Institutional Solutions....Pages 233-293
Money and Banks....Pages 295-354
Back Matter....Pages 355-399
Economics general
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