onsdag 25 november 2009

The Specific Value of Money...

...är titeln på ett intressant inlägg hos Ludvig von Mises Institute och är också ett utdrag ur boken "Human Action - A Treatise on Economic". En nätt liten bok på 912 sidor som skulle vara spännande att senare få ha sin ägo. (Finns tydligen inte i Sverige (sökte på ISBN) men väl over there Amazon.)

As far as a good used as money is valued and appraised on account of the services it renders for nonmonetary purposes, no problems are raised which would require special treatment. The task of the theory of money consists merely in dealing with that component in the valuation of money which is conditioned by its function as a medium of exchange.

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