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The Value of Money

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Published: 1917
Language: English
Wordcount: 201,583 / 631 pg
Flesch-Kincaid Reading Ease: 44.9
LoC Category: HB
Downloads: 5,856
Added to site: 2011.01.05
mnybks.net#: 30079
Origin: gutenberg.org
Genre: Non-fiction
Excerpt

, hence invalid when applied to money 82-120

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

PART II. THE QUANTITY THEORY

CHAPTER VI

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