The State Theory of Money

Georg Frederich Knapp

ISBN 10: 1646793641 / ISBN 13: 9781646793648

Edité par Cosimo Classics, 1924

A propos de cet article

N° de réf. du vendeur LU-9781646793648

Détails bibliographiques

• Titre: The State Theory of Money
• Éditeur: Cosimo Classics
• Date de parution: 1924
• Langue: anglais
• ISBN à 10 chiffres: 1646793641
• ISBN à 13 chiffres: 9781646793648
• Reliure: Paperback
• État de l'article: New
• Dimensions: 13,97 L x 1,83 H x 21,59 P (centimètres) 13,97 centimètres de largeur par 1,83 centimètres de hauteur par 21,59 centimètres de profondeur
• Poids: 408 grammes

A propos de ce titre

Synopsis

"In 1895 I put forward my views for the first time, laying down that the money of a State is not what is of compulsory general acceptance, but what is accepted at the public pay offices..."

-Georg Friedrich Knapp, Preface The State Theory of Money (1905)

The State Theory of Money (1924), a pioneering economic work by German economist Georg Friedrich Knapp, argues that money is created by the state and does not have any intrinsic value, directly contrast to the theory of the Gold Standard. Knapp's so-called chartalist school of monetary theory paved the way for the Modern Monetary Theory, which states that governments can print as much money as they need without having to borrow or tax to finance spending.

The State Theory of Money, first published in 1905 in Germany, and abridged and translated into English in 1924, is essential reading for students of monetary theories and economic history.

À propos de l?auteur

GEORG FRIEDRICH KNAPP (1842-1926) was a German economist, best known for founding the chartalist school of monetary theory. He was educated in Munich, Berlin, and Göttingen, then became director of the Statistical Bureau of Leipzig and professor at the University of Strasbourg.