Georg Friedrich Knapp and Modern Monetary Theory
Abstract Knapp’s “State Theory of Money” (1905) claims that “Money is an entity of the legal order.” Money is a chartal means of payment, the value of which is independent of the metal value. Money is regulated by the modern state, but this could also be done by non-governmental communities. Contemp...
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| Format: | Article |
| Language: | deu |
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Springer
2022-03-01
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| Series: | Wirtschaftsdienst |
| Online Access: | https://doi.org/10.1007/s10273-022-3138-z |