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Chapter Two The Problem of Stability
Chapter Three Money and Credit
2 other sections not shown
100 per cent applied artificially assets balance of trade bank-money banking system become circulation commodities competition consequences consumers correct countries course create credit technique credit-money current account balances debt debt-money disequilibrium division of labour economic economic equilibrium effect equilibrium exchange value expansion export fact facto money freedom full employment gold standard income inconvertible currencies increase individual industries interference international money investment laissez-faire legal gold value legal tender lending liquidity logical means of payment measure medium of exchange ment monetary money and credit money function money reserves money system movements national economy natural capital output possible practical price level price structure principle production profit motive promise to pay proportion purchasing power rate of exchange reduce remuneration representation respect savings so-called sophism stability supply and demand theory thereby things token money total money quantity total quantity trade unlendable value constant velocity of money wealth