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"In 1895 I put forward my views for the first time, laying down that the money of a State is not what is of compulsory general acceptance, but what is accepted at the public pay offices..." -Georg Friedrich Knapp, Preface The State Theory of Money (1905) The State Theory of Money (1924), a pioneering economic work by German economist Georg Friedrich Knapp, argues that money is created by the state and does not have any intrinsic value, directly contrast to the theory of the Gold Standard. Knapp's so-called chartalist school of monetary theory paved the way for the Modern Monetary Theory, which states that governments can print as much money as they need without having to borrow or tax to finance spending. The State Theory of Money, first published in 1905 in Germany, and abridged and translated into English in 1924, is essential reading for students of monetary theories and economic history.
Timeless Classics with Strong Influence on Keynes, Weber, and MMT and Essential Readings to Understand the Modern Monetary System.
This second edition explores how money 'works' in the modern economy and synthesises the key principles of Modern Money Theory, exploring macro accounting, currency regimes and exchange rates in both the USA and developing nations.
"For some time to come, this book will guarantee that the knowledge of German industrialization and the latest information on German research will be much improved and up to date abroad." For some time to come, this book will guarantee that the knowledge of German industrialization and the latest information on German research will be much improved and up to date abroad." - Vierteljarschrift für Sozial und Wirtschaftsgeschichte "The data . . . collected is so impressive, and the economic history so difficult to master, that most [scholars] will need this book on theirshelves." - Eric Dorn Brose, Drexel University " . . . an outstanding primer on the 19th Century German economy . . . profess...
In Contesting Modernity in the German Secularization Debate, Sjoerd Griffioen investigates the polemics between Karl Löwith, Hans Blumenberg and Carl Schmitt on the role of religion in modernity. He analyzes their contributions to the development of the broader German secularization debate between the 1950s and 1980s. As this development is traced, special attention is paid to how after 1968 this debate increasingly centered on Schmitt’s notion of political theology and its appropriation by the Left. This is evinced in the work of Jacob Taubes, who is opposed by Odo Marquard, assuming a Blumenbergian-secularist position in this new political landscape. Griffioen concludes with a methodological reflection on the value of ‘Geistesgeschichte’ and by identifying parallels with the contemporary discourse of postsecularism.
The author suggests that governments use faulty methods for regulating credit and argues the use of credit multipliers. He argues for a rejection of the theory of the investment multiplier because investment can reduce employment, and will lower prices. The productive resources it releases require new credit creation to employ them.
The writer, scientist, philosopher, and radical democrat Georg Büchner (1813-1837) occupies a unique place in the cultural legacy of the German-speaking countries. Born into an epoch of inevitable, yet arrested historical transition, Büchner produced a small but exceptionally rich body of work. This collection of essays in English and in German considers the full spectrum of his writings, the political pamphlet Der Hessische Landbote, the dramas Danton’s Tod, Leonce und Lena, Woyzeck, and the fragmentary narrative Lenz, as well as the letters, the philosophical lectures on Descartes and Spinoza, and the scientific texts. The essays examine connections between these works, study texts in detail, debate ways of editing them, and trace their reception in contemporary literature and film. The novel readings presented here not only celebrate Büchner on the eve of his bicentenary birthday but also insert this untimely figure into discussions of the revolution-restoration dynamic and realism in poetics and politics.
Half fable, half manifesto, this brilliant new take on the ancient concept of cash lays bare its unparalleled capacity to empower and enthrall us. Frederick Kaufman tackles the complex history of money, beginning with the earliest myths and wrapping up with Wall Street’s byzantine present-day doings. Along the way, he exposes a set of allegorical plots, stock characters, and stereotypical metaphors that have long been linked with money and commercial culture, from Melanesian trading rituals to the dogma of Medieval churchmen faced with global commerce, the rationales of Mercantilism and colonial expansion, and the U.S. dollar’s 1971 unpinning from gold. The Money Plot offers a tool to se...