ISBN-13: 9780815367154 / Angielski / Miękka / 2019 / 270 str.
ISBN-13: 9780815367154 / Angielski / Miękka / 2019 / 270 str.
Originally published in 1933 this book discusses the inadequacy of ‘orthodox Gold Standard theory’ in the light of post-war monetary phenomena. The book explains that the Quantity Theory of Money is an inaccurate explanation and that the determining factor in the rise or fall of prices is the Velocity of Circulation.