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G. Knapp’s state theory of money:history and current Perspectives

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  • A. Dubyansky

Abstract

The paper considers the historical contexts of Georg Knapp’s nominalistic theory of money, and reconstructs its basic arguments. The contemporaneous critical reactions to Knapp are analyzed, as well as some more recent versions of chartalism, and the strengths and weaknesses of the chartalist insights in monetary theory and policy.

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  • A. Dubyansky, 2015. "G. Knapp’s state theory of money:history and current Perspectives," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 3.
    • Handle: RePEc:nos:voprec:y:2015:id:63
    DOI: 10.32609/0042-8736-2015-3-109-125
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