The Value of MoneyAnderson, Benjamin M. (Benjamin McAlester)
General
The Value of Money
Anderson, Benjamin M. (Benjamin McAlester)
Money
Statics _vs._ dynamics, normal _vs._ transitional, and
related contrasts; illustrations; divergent lines of
doctrine: tariffs, wars, overproduction, extravagance,
etc. 548-552
Statics quantitative; dynamics qualitative 552-553
Statics and dynamics both abstract 553-554
Dynamics and "friction" 554-555
"Theory of prosperity" and dynamics 555-556
Statics and cross-section analysis; statics as
price-theory; dynamics as value-theory 556-560
Generalization of statics: price-theory applied to
dynamic phenomena: capitalization; costs; "taxonomy;"
"discounting" dynamic changes; money the static
measuring-rod: wide scope of money-measure;
measurement of non-economic values 560-569
Generalization of dynamics: all values, whether of wheat
or "good will," have social psychological explanation;
technological and biological factors, and the static
equilibrium; business cycles 569-575
Business man _vs._ economic theorist, and value-theory;
manipulation of values and prices 575-578
Statics and time 578-580
Immaterial capital 580-582
Statics and dynamics have not different subject-matter 583-586
Equilibrium of all social values: statics and dynamics
of the law: social forces and social control 586-589
Summary of Part IV 589-591
PART I. THE VALUE OF MONEY AND THE GENERAL THEORY OF VALUE
THE VALUE OF MONEY
CHAPTER I
ECONOMIC VALUE
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