## Dictionary of Arguments | |||

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Author | Item | Summary | Meta data |
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Mause I 221 Quantity theory/quantity equation/traffic equation/Fisher: (also exchange equation or transaction equation): M x V ^{T} = T ^{real} x P ^{T} = T ^{nom} M: Money supply - V: Speed of circulation - P: Price level - T: Transactions This relation links the monetary side of a market economy with its real sphere. Each transaction on the goods and factor markets (right side of the equation) is linked to a cash flow. T actually characterizes the real transaction volume (volume component) and PT the associated price level, so that the product of both variables yields the nominal transaction volume T nom. The nominal money supply M required for the payment flows is smaller than T nom, since the money supply within a certain period of time can be used more than once for transaction purposes. Terminology: Circulation speed: records this multiple use. Total demand: The product of money supply M and velocity VT is also referred to as total monetary demand. Gross Domestic Product: is used when there is no data on transactions between companies or consumption by private households. Causality: the relations based on Fisher's equation make no statements about causal connections. _____________ 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. The note [Author1]Vs[Author2] or [Author]Vs[term] is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
Fisher, Irving Mause I Karsten Mause Christian Müller Klaus Schubert, Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018 |

> Counter arguments against **Fisher**

Ed. Martin Schulz, access date 2019-04-24