The Value of Money

The Value of Money

by Benjamin M. Anderson

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Overview

The Value of Money by Benjamin M. Anderson

Wieser's theory of value of money 83-88

A circle in reasoning 88-90

Schumpeter's similar circle 100

But Schumpeter's general utility theory, though inapplicable to value of money, in form avoids a causal circle 90-98

Schumpeter's conspectus; different from Böhm-Bawerk and most utility theorists 90-92, 113-120

Defects and limitations of Schumpeter's general theory 90-98

Schumpeter's substitutes for social value concept 98-99

Von Mises sees circle of Wieser and Schumpeter 100

Seeks to avoid it by construing utility theory as historical, instead of static, theory 101

But this departs from fundamentals of utility theory; other difficulties 101-110

Kinley's doctrine 110-111

General criticism of utility theory 111-115

Davenport, Wicksteed, Fisher, Perry 113-120

Product Details

ISBN-13: 9781537748498
Publisher: CreateSpace Publishing
Publication date: 09/28/2016
Pages: 586
Product dimensions: 5.98(w) x 9.02(h) x 1.19(d)

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