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Pesch, a German Jesuit scholar and economist, wrote the longest, most exhaustive economics text ever written. The five-volume "Lehrbuch der National okonomie" examines all serious economic thinking up until Pesch's time. This work provides an English translation of the works of Pesch. This fifth volume covers the second and third stages in the economic process: exchange and income determination. It deals with money and the banking system, foreign exchange and entrepreneurial income. It concludes with what Persch designates as distortions in the economic process, economic crisis and the strike and lockout.
The exchange process; exchange in general; economic value, exchange value, costs and value; price, "objective" and "subjective" values and price theories; the idea of the just price; rising price and increased living costs; money and the monetary system; origins and functions of money; coin; money - the concept, money substitutes, money required; monetary standards and systems; value of money and currency; historical development of monetary standards; new currency problems; credit transactions in general and in the economy; trade and transportation; trade in general; trade and merchandise; principle of freedom as applied to trade; commerce in money and credit, the banking system; kinds of banking business; foreign exchange transactions and exchange ratios before the World War; exchange rate problems and the inflationary situation in the post-war period; exchange system; transportation system.
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- ID: 9780773466784
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