The Value of Money
The Value of Money, published by the American economist Benjamin M. Anderson in 1917, is a sustained critique of the quantity theory of money as it was then taught, in particular the version formulated by Irving Fisher. Anderson argues that the value of money cannot be explained by mechanical equations relating money supply and prices, and that it rests instead on social value, credit, confidence and the real forces of trade. The book examines the functions of money, the role of banks and bank credit, the gold standard and the velocity of circulation, and it closes with Anderson's own account of how money comes to have value. It was his doctoral work at Columbia University, expanded. The full text is available to read online in your browser on Vinteuil, and the first chapter is free.
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Frequently asked questions about The Value of Money
The Value of Money by Benjamin M. Anderson can be read online on Vinteuil, directly in your browser. The first chapter is free for everyone; the complete book is included in Vinteuil Reading ($4.99/month or $39.99/year) or yours forever for $2.99.
Can I read The Value of Money online?
Yes. The Value of Money opens right on this page, in a reader designed for long reading: adjustable text size, light, sepia and dark themes, a clickable table of contents and your place saved when you are signed in. No download or app is needed.
Is The Value of Money free to read on Vinteuil?
The first chapter of The Value of Money is free, without an account. To read the whole book, either buy its online reading for $2.99 (£2.99 in the UK) and keep it forever, or subscribe to Vinteuil Reading for $4.99/month (£4.99/month in the UK) or $39.99/year, with 1 month free for new subscribers. The subscription opens every book in the library and can be cancelled at any time.
Is The Value of Money in the public domain?
Yes. The Value of Money by Benjamin M. Anderson is a public-domain work. Vinteuil offers a carefully prepared digital edition made for comfortable reading on screen.
How long does it take to read The Value of Money?
About 13 h 46 min of reading, at an average reading pace. Your place is saved automatically when you are signed in, so you can read in several sittings and on several devices.
What kind of book is The Value of Money?
The Value of Money by Benjamin M. Anderson is filed under "Classics" in the Vinteuil library.
