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The Value of Money by Benjamin M. Anderson, Jr.

Chapter 1 ECONOMIC VALUE

PAGE

Problem of value of money special case of general theory of value; present chapter concerned with general theory 1

Formal and logical aspects of value: value as quality; value as quantity; value and wealth 5-6

Absolute vs. relative conceptions of value: value of money vs. "reciprocal of price-level"; value prior to exchange; value and exchangeability; do prices correctly express values? 6-12

Doctrine so far in accord with main current of economic opinion 12-14

Causal theory of value new: marginal utility, labor theory, etc., rejected 14-16

Social explanation required: "individual" a social product, both in history of individual and in history of race 16-19

And above individual impersonal psychic forces, law, public opinion, morality, economic values 19-20

Three types of theory have dealt with these: theory of extra-human objective forces; extreme individualism; social value theory 20-21

Illustrated in jurisprudence, ethics, and economic theory 21-26

Law, morals, and economic values generically alike, but have differenti? 26-28

But not differentiated on basis of states of consciousness of individual immediately moved by them, because many minds in organic interplay involved 28-33

Economic social value (a) of consumers' goods and services: "utility" and scarcity; "marginal utility"; social explanation of marginal utility; marginal utilities the conscious focus of economic values of consumers' goods; but only minor part of these values; individuals, classes and institutions heavily weighted by legal, moral, and other social values, in power over economic values of consumers' goods 33-38

Economic social value (b) of labor, land, stocks, bonds, "good will," etc.; based only in part on values of consumers' goods; partially independent, directly influenced by contagion, and centers of power and prestige 38-41

Pragmatic character of theory 41-43

Relation of social values to individual values 43-45

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The Value of Money
1

Chapter 1 ECONOMIC VALUE

06/12/2017

2

Chapter 2 SUPPLY AND DEMAND, AND THE VALUE OF MONEY

06/12/2017

3

Chapter 3 COST OF PRODUCTION AND THE VALUE OF MONEY

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4

Chapter 4 THE CAPITALIZATION THEORY AND THE VALUE OF MONEY

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5

Chapter 5 MARGINAL UTILITY AND THE VALUE OF MONEY

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6

Chapter 6 THE QUANTITY THEORY OF PRICES. INTRODUCTION

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7

Chapter 7 DODO-BONES

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8

Chapter 8 THE EQUATION OF EXCHANGE

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Chapter 9 THE VOLUME OF MONEY AND THE VOLUME OF CREDIT

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10

Chapter 10 NORMAL VS. TRANSITIONAL TENDENCIES

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11

Chapter 11 BARTER

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Chapter 12 VELOCITY OF CIRCULATION

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13

Chapter 13 THE VOLUME OF MONEY AND THE VOLUME OF TRADE-TRADE AND SPECULATION

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Chapter 14 THE VOLUME OF TRADE AND THE VOLUME OF MONEY AND CREDIT

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Chapter 15 THE QUANTITY THEORY THE PASSIVENESS OF PRICES

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Chapter 16 THE QUANTITY THEORY AND INTERNATIONAL GOLD MOVEMENTS

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Chapter 17 No.17

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Chapter 18 THE QUANTITY THEORY AND WORLD PRICES

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Chapter 19 STATISTICAL DEMONSTRATIONS OF THE QUANTITY THEORY-THE REDISCOVERY OF A BURIED CITY

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Chapter 20 RECAPITULATION OF POSITIVE DOCTRINE

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Chapter 21 THE ORIGIN OF MONEY, AND THE VALUE OF GOLD

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Chapter 22 THE FUNCTIONS OF MONEY AND THE VALUE OF MONEY

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Chapter 23 CREDIT

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Chapter 24 CREDIT-BANK ASSETS AND BANK RESERVES

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Chapter 25 ECONOMIC VALUE No.25

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Chapter 26 SUPPLY AND DEMAND, AND THE VALUE OF MONEY No.26

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Chapter 27 COST OF PRODUCTION AND THE VALUE OF MONEY No.27

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Chapter 28 THE CAPITALIZATION THEORY AND THE VALUE OF MONEY No.28

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Chapter 29 MARGINAL UTILITY AND THE VALUE OF MONEY No.29

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Chapter 30 THE QUANTITY THEORY OF PRICES. INTRODUCTION No.30

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31

Chapter 31 DODO-BONES No.31

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Chapter 32 THE EQUATION OF EXCHANGE No.32

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Chapter 33 THE VOLUME OF MONEY AND THE VOLUME OF CREDIT No.33

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Chapter 34 NORMAL VS. TRANSITIONAL TENDENCIES No.34

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35

Chapter 35 BARTER No.35

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Chapter 36 VELOCITY OF CIRCULATION No.36

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Chapter 37 THE VOLUME OF MONEY AND THE VOLUME OF TRADE-TRADE AND SPECULATION No.37

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Chapter 38 THE VOLUME OF TRADE AND THE VOLUME OF MONEY AND CREDIT No.38

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39

Chapter 39 THE QUANTITY THEORY THE PASSIVENESS OF PRICES No.39

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40

Chapter 40 THE QUANTITY THEORY AND INTERNATIONAL GOLD MOVEMENTS No.40

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