The State Theory of Money

ISBN-13: 9781932512083 / Angielski / Twarda / 2003 / 324 str.

Georg Friedrich Knapp; H. M. Lucas; J. Bonar

Opis

First published in 1095 in Germany, translated from the fourth edition and published in England in 1924, this seminal work ran counter to the classical and neo-classical theories of money. Knall defined money as a creation of the state, with no intrinsic value. This concept helped to lay the foundation for J. M. Keynes's work.