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The Value of Money

Note 472 — Chapter XXII

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Among the writers who have treated this topic, I would mention especially Menger, "Geld," in Handwörterbuch der Staatswissenschaften; Laughlin, Principles of Money; Scott, W. A., Money and Banking; Knies, Das Geld; Walker, F. A., Money and Political Economy; Conant, Principles of Money and Banking; Seligman, Principles of Economics; Johnson, J. F., Money and Currency; von Mises, L., Theorie des Geldes und der Umlaufsmittel; Helfferich, K., Das Geld; Simmel, Philosophie des Geldes; Davenport, H. J., Economics of Enterprise. The difference between the standard of value (common measure of values) function, and the medium of exchange function is particularly well illustrated by Scott, loc. cit., ch. 1. The legal functions of money are especially treated by Knapp, Staatliche Theorie des Geldes.

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