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Some Observations on Heinsohn and Steiger's
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Some Observations on Heinsohn and Steiger's "Property Theory of Interest and Money"

5 Seiten · 2,04 EUR
(03. November 2008)

 
Ich bin mit den AGB, insbesondere Punkt 10 (ausschließlich private Nutzung, keine Weitergabe an Dritte), einverstanden und erkenne an, dass meine Bestellung nicht widerrufen werden kann.
 
 

Summary:

Augusto Graziani evaluates Heinsohn and Steiger's approach from the viewpoint of Keynes's theory. He praises their view as a novel attempt to define in a most rigorous fashion the essence of money as totally distinct from any kind of material good. While the author agrees with Heinsohn and Steiger's explanation of the rate of interest out of the loss of the bank of issue's property premium, he emphasises that Keynes did not consider interest as a price paid to the central bank but rather as a price paid by firms issuing securities to savers who acquire them.


zitierfähiger Aufsatz aus ...
Property Economics
Otto Steiger (ed.):
Property Economics