IDEAS home Printed from https://ideas.repec.org/a/prs/caecpo/cep_0154-8344_1987_num_13_1_1048.html
   My bibliography  Save this article

Monnaie et Marchandise

Author

Listed:
  • Rudolf Hilferding

Abstract

[fre] Ce texte d'Hilferding publié en 1912 s'inscrit dans un débat sur les questions monétaires dont la Neue Zeit se fit l'écho. A la subjectivité de la théorie quantitative de la monnaie R. Hilferding va opposer une conception fondée sur la loi de la valeur. Sa théorie se propose de montrer que le niveau absolu des prix est déterminé par la valeur propre de l'or. La monnaie à cours forcé ne déroge pas à cette règle. A cet effet, R. Hilferding utilise une notion originale : la demande illimitée qui garantit à la monnaie-or un prix fixe que'que soit sa quantité en circulation. Selon l'auteur cette demande illimitée permet la stabilisation des échanges et une mesure fixe des valeurs. [eng] Hilferding' s paper was published in 1912, when the monetary questions were under discussion, and widely related in the Neue Zeit Hilferding reveals a conception based on the law of value, as opposed to the subjective theory of money. His theory points that the absolute price level is determined by the own value of gold. Then notion of forced currency conforms to the rule. For that purpose, Hilferding uses an original notion : the unlimited demand, which assures the gold coins of fixed price, whatever the amount of currency. According to the author, this unlimited demand enables stability in exchanges as well as steady measure of values.

Suggested Citation

  • Rudolf Hilferding, 1987. "Monnaie et Marchandise," Cahiers d'Économie Politique, Programme National Persée, vol. 13(1), pages 173-184.
    • Handle: RePEc:prs:caecpo:cep_0154-8344_1987_num_13_1_1048
    DOI: 10.3406/cep.1987.1048
    Note: DOI:10.3406/cep.1987.1048
    as

    Download full text from publisher

    File URL: https://doi.org/10.3406/cep.1987.1048
    Download Restriction: no
    File URL: https://www.persee.fr/doc/cep_0154-8344_1987_num_13_1_1048
    Download Restriction: no
    File URL: https://libkey.io/10.3406/cep.1987.1048?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:prs:caecpo:cep_0154-8344_1987_num_13_1_1048. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Equipe PERSEE (email available below). General contact details of provider: https://www.persee.fr/collection/cep .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.