Bøger af Benjamin McAlester Anderson

The Fallacy Of The Stabilized Dollar is a book written by Benjamin Mcalester Anderson Jr. in 1920. The book discusses the idea of stabilizing the value of the US dollar and argues against it. Anderson Jr. argues that the concept of a stabilized dollar is a fallacy and that it is impossible to achieve. He believes that the government's attempts to stabilize the dollar will only lead to economic instability and uncertainty. The book also explores the effects of inflation and deflation on the economy and the role of the government in managing the currency. Anderson Jr. provides historical examples and data to support his arguments and offers alternative solutions to stabilize the economy. The Fallacy Of The Stabilized Dollar is a thought-provoking read that challenges conventional economic wisdom and offers a different perspective on monetary policy.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.

""Social Value: A Study In Economic Theory, Critical And Constructive"" is a book written by Benjamin McAlester Anderson Jr. in 1911. This book is an in-depth analysis of the concept of social value in economic theory. Anderson Jr. examines the various definitions and interpretations of social value, and how it relates to individual value and market value. He also explores the role of social value in determining the distribution of wealth and income in society. Throughout the book, Anderson Jr. provides a critical and constructive analysis of the existing economic theories related to social value. He argues that the traditional economic theories, which focus solely on individual value and market value, fail to account for the importance of social value in determining economic outcomes. Anderson Jr. proposes a new approach to economic theory that incorporates social value as a key factor in economic decision-making. Overall, ""Social Value: A Study In Economic Theory, Critical And Constructive"" is a seminal work in the field of economics, providing a comprehensive analysis of the concept of social value and its importance in economic theory. It remains a valuable resource for scholars and students of economics, as well as anyone interested in understanding the complex relationship between economics and society.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.

Benjamin Anderson, American Austrian, was among a handful of economists, led by Ludwig von Mises in his pioneering work The Theory of Money and Credit in 1912, who set out to integrate monetary theory into a general theory of value. Anderson devoted a major portion of his great book The Value of Money, published in 1917, to a refutation of the "mechanical" quantity theory of money. He argued that the causes and effects from which the data of the quantity equation are constructed are disaggregated and complex; whatever the correlation between the aggregate variables of the quantity equation, correlation is not causation; causation cannot be established in the equation because there are no quantitative constants in human action (in particular, velocity is not constant); the quantity theory ignores time; there is no unambiguous way to define the variables in the theory: the money stock, velocity, the quantity of goods, and the price level. Anderson further holds that whatever true propositions the quantity theory offers can as well be deduced from a correct theory of value and that many true theories of modern economics (such as the laws of demand and supply, the theory of capitalization, and Gresham's law) are inconsistent with it. Although some true propositions can be had from the quantity theory, not every conclusion derived from it is true. Anderson expended much effort to demonstrate that many theories constructed upon it are false. For example, he argued that the independence between the stock of money and the quantity of goods, assumed for the purpose of reaching the conclusion that increases in the stock of money lead to proportional increases in the price level, if carried into macroeconomics has pernicious effects.

Benjamin Anderson, American Austrian, was among a handful of economists, led by Ludwig von Mises in his pioneering work The Theory of Money and Credit in 1912, who set out to integrate monetary theory into a general theory of value.Anderson devoted a major portion of his great book The Value of Money, published in 1917, to a refutation of the "mechanical" quantity theory of money.He argued that the causes and effects from which the data of the quantity equation are constructed are disaggregated and complex; whatever the correlation between the aggregate variables of the quantity equation, correlation is not causation; causation cannot be established in the equation because there are no quantitative constants in human action (in particular, velocity is not constant); the quantity theory ignores time; there is no unambiguous way to define the variables in the theory: the money stock, velocity, the quantity of goods, and the price level.Anderson further holds that whatever true propositions the quantity theory offers can as well be deduced from a correct theory of value and that many true theories of modern economics (such as the laws of demand and supply, the theory of capitalization, and Gresham's law) are inconsistent with it.Although some true propositions can be had from the quantity theory, not every conclusion derived from it is true. Anderson expended much effort to demonstrate that many theories constructed upon it are false.For example, he argued that the independence between the stock of money and the quantity of goods, assumed for the purpose of reaching the conclusion that increases in the stock of money lead to proportional increases in the price level, if carried into macroeconomics has pernicious effects.