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. $24 in the store.
Comments on this entry are closed.