The Value of Money Ben. - ISBN:0000000000

The Value of Money Ben.

Date: 13 April 2011, 07:17

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Wieser's theory of value of money 83-88
A circle in reasoning 88-90
Schumpeter's similar circle 100
But Schumpeter's general utility theory, though inapplicable to value of money, in form avoids a causal circle 90-98
Schumpeter's conspectus; different from Bohm-Bawerk and most utility theorists 90-92, 113-120
Defects and limitations of Schumpeter's general theory 90-98
Schumpeter's substitutes for social value concept 98-99
Von Mises sees circle of Wieser and Schumpeter 100
Seeks to avoid it by construing utility theory as historical, instead of static, theory 101
But this departs from fundamentals of utility theory; other difficulties 101-110
Kinley's doctrine 110-111

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