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Synopsis
Excerpt from Monetary Economics
What was intended at first as a preface began soon to assume such proportions that it has been converted into the Introductory Chapter. Here, I need only say a word or two as to the general divisions of the book.
Definition is plainly impossible when the meanings of all the principal terms of the science are still the subjects of controversy. Yet we must have some guiding principle in regard to the use of these terms. That principle I have endeavoured to set forth in chapters one to four inclusive. On this follows some criticism of the theory of the Margin and of Marginal Utility in two chapters, succeeded, however, by three chapters on Value, in parts of which the criticism is continued. This may be said to close the first part Of the book, though it is not formally divided into parts. Chapter ten is devoted to a summary of the reasoning up to that point. In the following four chapters Money and Credit are dealt with, then the nature and the creation of wealth, and the more or less neglected theory of Demand. The book closes with some chapters that are of a more distinctly practical character.
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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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- PublisherForgotten Books
- Publication date2020
- ISBN 10 1330271408
- ISBN 13 9781330271407
- BindingPaperback
- Number of pages341
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Monetary Economics (Classic Reprint)
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Paperback. Condition: New. Print on Demand. This book explores the nuances of monetary economics and argues that definitions play a limited role in truly understanding its principles. The author examines recent shifts in monetary thought, such as the emphasis on acceptability rather than intrinsic value in defining money, and the idea that value emerges from social consensus rather than intrinsic properties of goods. The book questions the established view of money's genesis and argues instead that its value is rooted in its status as a standard of exchange. It further challenges the prevailing view that all values can fluctuate simultaneously, proposing instead that the value of gold is more stable than other commodities. The author concludes that monetary economics must move beyond abstract definitions and incorporate the practical realities of how money functions within society. Forgotten Books publishes hundreds of thousands of rare and classic books. 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. The digital edition of all books may be viewed on our website before purchase. print-on-demand item. Seller Inventory # 9781330271407_0
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Monetary Economics Classic Reprint
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781330271407
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Monetary Economics Classic Reprint
Seller: PBShop.store UK, Fairford, GLOS, United Kingdom
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781330271407
Quantity: 15 available