Capital to-day : a study of recent economic development / by Herman Cahn
Material type: TextPublication details: Chicago, IL : Charles H. Kerr & Company Co-operative., c1915, 1918.Edition: Third editionDescription: xii, 1 leaf : 376 pages ; 20 cmOther title:- Capital today [Other title]
- HB 501 .C2 1918
Item type | Current library | Call number | Status | Date due | Barcode | |
---|---|---|---|---|---|---|
BOOKS | Niebyl-Proctor Marxist Library General Stacks | HB 501 .C2 1918 (Browse shelf(Opens below)) | Not For Loan | NPML20060013 |
Includes index.
I. Economics & science -- II. Marxian theory of value briefly stated -- III. The contradictory functions of money -- IV. The handicaps of the money system -- V. Money tokens -- VI. Money of account -- VII, Totality of the money system in the United States -- VIII. The cycle of industrial capital -- IX. The mystery of capitalism -- X. Fictitious capitalism -- XI. The concentration of industrial capital -- XII. The concentration of money capital -- XIII. The unified capital and conclusion.
"Since the publication of the first edition of this book a few years ago an amazing economic development, then undreamt of by economists and financiers, has unrolled itself before our eyes. It consists of an abnormal addition to the credit money ordinarily created by the banks and heretofore in existence in but moderate volume. This additional credit money, together with the illusory gains (for the capitalist class as a whole) from rising prices, has served to finance nine tenths of the stupendous total of the world's war loans. The former proportion of bank created credit money to the banking capital and deposits built up gradually from profits has undergone a truly revolutionary change. This is destined to stand as a historic event of the first order." -- from the preface to the second edition.
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