3.5. The Augmentation and Diminution of the Denomination of Money

An Essay on Economic Theory by Richard Cantillon

Tags: Monetary Theory, Value and Exchange

12/01/2014 Richard Cantillon

Raising and lowering the nominal value of money is shown not to undermine the theory of the value of money. In contrast, such measures are shown to be methods by which the prince acquires resources by deceiving individuals about the value of money. The process causes chaos in the market.

From Part 3: International Trade and Business Cycles. Narrated by Millian Quinteros.

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