scholarly journals The Measure of the Value of Money According to European Economists

1898 ◽  
Vol 7 (1) ◽  
pp. 42-77
Author(s):  
G. M. Fiamingo
Keyword(s):  
Value Of Money

The value of money

2004 ◽  
Author(s):  
Jennifer Daw Holloway
Keyword(s):  
Value Of Money

scholarly journals Geldtheorie und -politik in Preußen Mitte des 18. Jahrhunderts

2020 ◽  
Vol 61 (1) ◽  
pp. 217-257
Author(s):  
Jan Greitens
Keyword(s):  
18Th Century ◽  
Economic Thought ◽  
Monetary Theory ◽  
Clear Understanding ◽  
Monetary System ◽  
Monetary Approach ◽  
History Of ◽  
Early Modern Era ◽  
Value Of Money ◽  
Modern Era

AbstractIn the history of economic thought, monetary theories in the Germanspeaking world of the early modern era are considered backward compared to the approaches in other European countries. This backwardness can be illustrated by two authors from the mid-18th century who were not only contemporaries but also successively in the service of Frederick II (“the Great”) of Prussia. The first is Johann Philipp Graumann, one of the 'projectors' of the 18th century. As master of the mints in Prussia, he developed a coin project, where he tried to implement a new monetary standard to promote trade, generate seigniorage income and implement the Prussian coins as a kind of a reserve currency. In his writings, he developed a typical mercantilistic monetary theory with a clear understanding of the mechanism in the balance of payments. But even when he tried to include credit instruments, he did not take banks or broader financial markets into account. The second thinker is Johann Heinrich Gottlob Justi, who took the opposite position concerning the coin project as well as in his theory. He defended a strictly metalistic monetary approach where the value of money is only based on the metal's value. While Graumann rejected the English coin system, Justi recommended its laws for countries without their own mines, because the sovereign should not misuse his right of coinage. For him, the monetary system had tobe reliable and stable to serve trade and economic development.

Value of money

1864 ◽  
Vol s3-V (118) ◽  
pp. 282-282
Author(s):  
Querist
Keyword(s):  
Value Of Money

scholarly journals Some Remarks on the Report by the Commissioners appointed to investigate into the Recent Changes in the Relative Values of the Precious Metals

1891 ◽  
Vol 2 ◽  
pp. 190-204
Author(s):  
A. Gillies Smith
Keyword(s):  
Precious Metals ◽  
Daily Work ◽  
The Future ◽  
Value Of Money ◽  
As If

Some years have now elapsed since I had the honour of addressing you from this chair. In the paper which I then read to you I urged on our younger members the necessity of studying finance, and especially of endeavouring to form a just estimate of the value of money, and of the rate of interest which will obtain in the future, so far as that future forms an element in our calculations. Without this knowledge we shall build with insufficient materials, and in the absence of its thoughtful application to our daily work, and to our periodical investigations and valuations, we shall rear a fabric which, although it may last during our lives, and look to all appearance as if it were carefully and substantially built, will certainly, before its time, show symptoms of decay, and finally fall about the ears of too confiding policy-holders.

scholarly journals The value of money: on how childhood economic resources influence value assessments later in life

2018 ◽  
Vol 3 (1) ◽  
pp. 79-101
Author(s):  
Gró Einarsdóttir ◽  
André Hansla ◽  
Lars-Olof Johansson
Keyword(s):  
Economic Resources ◽  
Value Of Money

The Time Value of Money Concept in Islamic Finance

2006 ◽  
Vol 23 (1) ◽  
pp. 66-89
Author(s):  
Abu Umar Faruq Ahmad ◽  
M. Kabir Hassan
Keyword(s):  
Basic Element ◽  
Islamic Finance ◽  
Purchasing Power ◽  
Conventional Theory ◽  
Modus Operandi ◽  
Time Value Of Money ◽  
Time Value ◽  
Value Of Money ◽  
Future Date ◽  
Rule Out

The time value of money is a basic investment concept and a basic element in the conventional theory of finance. The Shari`ah does not rule out this consideration, for it does not prohibit any increment in a loan given to cover the price of a commodity in any sale contract to be paid at a future date. What is prohibited, however, is making money’s time value an element of any lending relationship that considers it to have a predetermined value. Here, the Shari`ah requires that a loan be due in the same currency in which it was given. The value (i.e., purchasing power) of paper currencies varies due to changes in many variables over which the two parties of a loan contract usually have no control. This study examines possible modus operandi of time valuation according to the Shari`ah’s precepts vis-à-vis the concept of money, and whether any value can be attributed to time while considering money’s value. For this purpose, it investigates the juristic views on such relevant issues as the permissibility of difference between a commodity’s cash and credit prices and an increase and reduction of the loan’s amount in return for early repayment.

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