Economics Dictionary of ArgumentsHome
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| Money supply: Money supply refers to the total amount of money in circulation within an economy at a given time. It includes physical currency, such as coins and notes, along with demand deposits and other liquid assets. Central banks regulate money supply to influence economic conditions and manage inflation. See also Money, Monetarism, Demand for money, Inflation, Central bank._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
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David Hume on Money Supply - Dictionary of Arguments
Rothbard III 765 Money supply David Hume/Rothbard: David Hume's famous example provides a highly oversimplified View of the effect of changes in the stock of money, but in the present context it is a valid illustration of the absurdity of the belief that an increased money supply can confer a social benefit or relieve any economic scarcity. Consider the magical situation where every man awakens one morning to find that his monetary assets have doubled. Has the wealth, or the real income, of society doubled? Certainly not. In fact, the real income - the actual goods and services supplied - remains unchanged. What has changed is simply the monetary unit, which has been diluted, and the purchasing power of the monetary unit will fall enough (i.e., prices of goods will rise) to bring the new money relation into equilibrium. >Money supply/Rothbard, >Demand for money/Rothbard, >Money/Rothbard._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
D. Hume I Gilles Delueze David Hume, Frankfurt 1997 (Frankreich 1953,1988) II Norbert Hoerster Hume: Existenz und Eigenschaften Gottes aus Speck(Hg) Grundprobleme der großen Philosophen der Neuzeit I Göttingen, 1997 Rothbard II Murray N. Rothbard Classical Economics. An Austrian Perspective on the History of Economic Thought. Cheltenham, UK: Edward Elgar Publishing. Cheltenham 1995 Rothbard III Murray N. Rothbard Man, Economy and State with Power and Market. Study Edition Auburn, Alabama 1962, 1970, 2009 Rothbard IV Murray N. Rothbard The Essential von Mises Auburn, Alabama 1988 Rothbard V Murray N. Rothbard Power and Market: Government and the Economy Kansas City 1977 |
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