This monograph was begun in 1898 while the writer was Qan undergraduate student at Wesleyan University (C onnecticut). In 1903 it was submitted in essentially its present form to the University Faculty of Cornell University as a partial fulfillment of the requirements for the degree of Doctor of Philosophy. It was revised for printing in December, 1905, while the writer was in the Philippine I slands, and, except for a few slight changes now made in the proof, is published as of that date. The writer wishes to acknowledge with gratitude valuable assistance received in its preparation from Willard Fisher of Wesleyan University, J. W. Jenks, Charles H. Hull, Frank A. Fetter, and Walter F. Willcox of Cornell University, and from H. H. Powers, formerly of that institution. Acknowledgment is also made toM r. A. A. Giesecke of Cornell University for valuable Jassistance in the work of reading the proof. E. W. K. December 15, 1906.
(Typographical errors above are due to OCR software and don't occur in the book.)
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Paperback. Etat : New. Print on Demand. This book delves into the relationship between money and credit instruments and their impact on general prices. It explores this relationship in a hypothetical society that uses only money as a medium of exchange, gradually adding complexity to model real-world conditions. The book examines how changes in the money supply affect prices, considering factors like hoarding and the velocity of money's circulation. It also analyzes the role of credit instruments, such as checks, in shaping prices and discusses the influence of business confidence on monetary circulation. Throughout, the author emphasizes the importance of understanding the principles that determine the value of money to effectively manage monetary systems and stabilize prices. This book provides valuable insights for students, policymakers, and anyone interested in the intricate relationship between money, credit, and prices. It offers a comprehensive analysis of monetary theory, examining both historical and contemporary perspectives, and its findings remain highly relevant in today's financial landscape. 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. N° de réf. du vendeur 9781330087091_0
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