Contenu de l'article

Titre Monnaie et Marchandise.
Auteur Rudolf Hilferding
Mir@bel Revue Cahiers d'économie politique
Numéro no 13, printemps 1987 Conceptions de la monnaie : un enjeu théorique
Rubrique / Thématique
Conception de la monnaie : un enjeu théorique
Page 173-184
Résumé anglais 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.
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