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The Value of Money by Benjamin M. Anderson, Jr.
The Value of Money Chapter 1 ECONOMIC VALUE
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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
Benjamin M. Anderson, Jr.
Literature
Chapter 1 ECONOMIC VALUE
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Chapter 2 SUPPLY AND DEMAND, AND THE VALUE OF MONEY
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Chapter 3 COST OF PRODUCTION AND THE VALUE OF MONEY
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Chapter 4 THE CAPITALIZATION THEORY AND THE VALUE OF MONEY
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Chapter 5 MARGINAL UTILITY AND THE VALUE OF MONEY
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Chapter 6 THE QUANTITY THEORY OF PRICES. INTRODUCTION
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Chapter 7 DODO-BONES
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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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Chapter 10 NORMAL VS. TRANSITIONAL TENDENCIES
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Chapter 11 BARTER
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Chapter 12 VELOCITY OF CIRCULATION
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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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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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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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Chapter 39 THE QUANTITY THEORY THE PASSIVENESS OF PRICES No.39
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Chapter 40 THE QUANTITY THEORY AND INTERNATIONAL GOLD MOVEMENTS No.40
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