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AMONN, Alfred Recent developments in the field of money and and monetary theory, ZEITSCHRIFT FtfR NATIONAL&CONOMIE, Vol. XIV, no. 2-4, September, 1954, pp. 366-36. In this review article, A* presents 2 recent views on the nature of money by Kaulla and Veit, respectively, and one on the quantity theory of money by Hegeland, Kaulla considers the nature of money more from legal point of vie\j it is the essence of money to consist of claims which can be used for legally effective discharge of debt and which can be offset by (compensated with) counterclaims of the issuing agent (e.g., a bank) without the consent of the holder of the claims. Veit emphasizes the economic side oi the problem by considering money as the good with the Alfred highest degree of liquidity. Amonn suggests that compensability and liquidity are merely two aspects of the same phenomenon. According to Hegeland, the quantity theory of money was never as naive as it appears in the presentation of some critics. Its purpose was the illustration of the point that money does not have a fixed value and that the quantity of money has no bearing on the real income of a nation. Amonn concurs that the quantity theory is a statement of proportionality between certain variables and that to impute to it a causal content is to misrepresent it. Rudolf R. Rhomberg, ECONOMIC ABSTRACTS, vol. Ill, no. 20, Dec. 1955, COPPOCX, D. J. The theory of effective demand in the 1920fs, THE MANCHESTER SCHOOL OF ECONOMIC AND SOCIAL STUDIES, January, 1954. 28 pp. M Art cues TeR. ^ i . /y^y pp ^ChiOOL- OF 4 2L -fir?. £co/^*At(c_ GAMfitKO, Awedeo ^toney Sapply and I n t e r e s t Rate i n Recent MacroEconomic Conceptions, 11 BANCA NAZIOHALE DEL LAVORO QDARTEELI REVIEW, Vol. VII, Ho. 3 0 , September, 1954, pp. 111-128. HOUGH, Louie The price l e v e l i n macroeconomic models, AMERICAN ECONOMIC REVIEW, Vol. U, June, 1954, pp. 269-286. LUNDBERG, Erik STUDIES IN THE THEORI OF ECONOMIC EXPANSION. New lork: Kelley & Millman, 1954. Pp. 265. KUENNE, Robert E. Vfalras, Leontief, and the Interdependence of Economic A c t i v i t i e s , QUARTERLY JOURNAL OF ECONOMICS, LXVIII, 1954, pp. 323-354. HENDERSON, James If. and QUANDT, Richard E. Walras, Leontief, and the interdependence of economic a c t i v i t i e s : comment, QUARTERLY JOURNAL OF ECONOMICS, LXIX, November, 1955, pp. 626-31; a Reply by Robert E. Kuenne, i b i d . , pp. 63I-636. LUNDBERG, Erik STUDIES IN THE THEORY OF ECONOMIC EXPANSION. New York: Kelley & Millman, Inc., 1954. Pp. viii, 261. PATDKIN, Don "Dichotomies of the pzdcing process in economic theory," ECONOMICA, Vol. XH, May 1954, pp. 113-128. PATINKIN, Don "Dichotomies of the pricing process in economic theory," ECONOMICA, XXI, No. 82, May 1954, Pp. 113-128. PEDERSEN, Jorgen The concept of money, VELTfclRTSCHAFTLICHES ARCHIV, LXXII(I), 195428 pp. PEDERSEN, J. "The Concept of Money," WELTWIRTSCHAFTLICHES ARCHIV, Vol. 72, No. 1, 1954. PETERSON, J. Marvin "Money supply and the level of business activity," chap. Ill, in DETERMINING THE BUSINESS OUTLOOK (ed. by Herbert V. Prochnow). Nev York, Harper 1954. SCHNEIDER, Erich Money Supply and Interest Rate in Recent Macroeconomic Conceptions: A Comment," with Rejoinder by A. Gambino, BANCA NAZIONALE DEL LAVORO QUARTERLY REVIEW, V41. VII, No* 31, December, 1954, pp. 2U-222. see 2 earlier studies by Gambino on problem of determinants of the volume of bank deposits, the conclusion of which differs from the Keynesian proposition which holds that volume of deposits is determined almost exclusively by the monetary authorities* STADLIN, Alois E. Die Entwicklung der Quantitatstheorie von Cant i l l o n und Hume bis Ricardo* Vinterthur: Verlag P. G. Keller, 195A. 106 pp. WALEAS, William 7 ELEMENTS OF PURE ECONOMICS, translated by William Jaffe. London: 1954- Original French edition Elements dfEconomie Politique Pure (ed. def., Paris, 1926). UJNHOLDS, R.¥.J. Velocitj of circulation, money stock and money p o s s e s i o n , SOUTH AFRICAN JOURNAL OF ECONOMICS, Vol. 22, No. 3, September, 1954* PP« 211-325. Pp. 15.
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