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Georg Friedrich Knapp
Georg Friedrich Knapp (; March 7, 1842 – February 20, 1926) was a German economist who in 1905 published ''The State Theory of Money'', which founded the chartalist school of monetary theory, which argues that money's value derives from its issuance by an institutional form of government rather than spontaneously through relations of exchange. Biography Knapp was born on March 7, 1842. His father was the acclaimed chemist Friedrich Ludwig Knapp. Knapp studied in Munich, Berlin and Göttingen, and in 1867 became director of the Statistical Bureau of Leipzig. In 1869 he was appointed assistant professor of economics and statistics in the University of Leipzig. In 1874 he was appointed a professor of political economy at the University of Strasbourg, where he remained until 1918. He was also rector at Strasbourg in 1891–1892 and 1907–1908. In 1886, he founded the periodical ''Abhandlungen aus dem staatswissenschaftlichen Seminar zu Strassburg''. Family Knapp was the fath ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chartalism
In macroeconomics, chartalism is a heterodox theory of money that argues that money originated historically with states' attempts to direct economic activity rather than as a spontaneous solution to the problems with barter or as a means with which to tokenize debt, and that fiat currency has value in exchange because of sovereign power to levy taxes on economic activity payable in the currency they issue. Background George Friedrich Knapp, a German economist, invented the term "chartalism" in his ''State Theory of Money'', which was published in German in 1905 and translated into English in 1924. The name derives from the Latin ''charta'', in the sense of a token or ticket. Knapp argued that "money is a creature of law" rather than a commodity. Knapp contrasted his state theory of money with "metallism", as embodied at the time in the gold standard, where the value of a unit of currency depended on the quantity of precious metal it contained or could be exchanged for. He argued ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Friedrich Ludwig Knapp
Friedrich Ludwig Knapp (February 22, 1814, Michelstadt, Grand Duchy of Hesse – June 8, 1904, Braunschweig) was a German chemist. He was the father of economist Georg Friedrich Knapp and the grandfather of social reformer Elly Heuss-Knapp. Biography He trained as a pharmacist in Darmstadt, then studied chemistry under Justus von Liebig at the University of Giessen (whose sister Katharina Elisabeth Liebig he married in 1841). He worked at the mint in Paris as an assayer, and in 1841 became an associate professor of technology at Giessen. From 1847 to 1853 he was a full professor at the university, then relocated to Munich, where he became a technical director at the Nymphenburg Porcelain Manufactory. In 1863 he went to Brunswick (german: link=no, Braunschweig) to teach classes in chemistry at the polytechnic school.Knapp, Friedrich In: N ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fiat Money
Fiat money (from la, fiat, "let it be done") is a type of currency that is not backed by any commodity such as gold or silver. It is typically designated by the issuing government to be legal tender. Throughout history, fiat money was sometimes issued by local banks and other institutions. In modern times, fiat money is generally authorized by government regulation. Fiat money generally does not have intrinsic value and does not have use value. It has value only because the individuals who use it as a unit of account or, in the case of currency, a medium of exchange agree on its value. They trust that it will be accepted by merchants and other people. Fiat money is an alternative to commodity money, which is a currency that has intrinsic value because it contains, for example, a precious metal such as gold or silver which is embedded in the coin. Fiat also differs from representative money, which is money that has intrinsic value because it is backed by and can be converted in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Recipients Of The Pour Le Mérite For Sciences And Arts
This is a list of recipients of the Pour le Mérite for Sciences and Arts (german: Pour le Mérite für Wissenschaften und Künste), a German and formerly Prussian honor given since 1842 for achievement in the humanities, sciences, or arts. Bibliography * External linksPour le Mérite für Wissenschaften und Künste website(in German) {{DEFAULTSORT:List of recipients of the Pour le Merite for Sciences and Arts Science and technology award winners Pour le Mérite for Sciences and Arts Pour may refer to these people: * Kour Pour (born 1987), British artist of part-Iranian descent * Mehdi Niyayesh Pour (born 1992), Iranian footballer * Mojtaba Mobini Pour (born 1991), Iranian footballer * Pouya Jalili Pour (born 1976), Iranian si ... Lists of German award winners ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Saxony
Saxony (german: Sachsen ; Upper Saxon: ''Saggsn''; hsb, Sakska), officially the Free State of Saxony (german: Freistaat Sachsen, links=no ; Upper Saxon: ''Freischdaad Saggsn''; hsb, Swobodny stat Sakska, links=no), is a landlocked state of Germany, bordering the states of Brandenburg, Saxony-Anhalt, Thuringia, Bavaria, as well as the countries of Poland and the Czech Republic. Its capital is Dresden, and its largest city is Leipzig. Saxony is the tenth largest of Germany's sixteen states, with an area of , and the sixth most populous, with more than 4 million inhabitants. The term Saxony has been in use for more than a millennium. It was used for the medieval Duchy of Saxony, the Electorate of Saxony of the Holy Roman Empire, the Kingdom of Saxony, and twice for a republic. The first Free State of Saxony was established in 1918 as a constituent state of the Weimar Republic. After World War II, it was under Soviet occupation before it became part of the communist East Ger ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Georg Freidrich Knapp - The State Theory Of Money (1924 Translation)
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Georg may refer to: * ''Georg'' (film), 1997 *Georg (musical), Estonian musical * Georg (given name) * Georg (surname) * , a Kriegsmarine coastal tanker See also * George (other) George may refer to: People * George (given name) * George (surname) * George (singer), American-Canadian singer George Nozuka, known by the mononym George * George Washington, First President of the United States * George W. Bush, 43rd President ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Georgia (country)
Georgia (, ; ) is a transcontinental country at the intersection of Eastern Europe and Western Asia. It is part of the Caucasus region, bounded by the Black Sea to the west, by Russia to the north and northeast, by Turkey to the southwest, by Armenia to the south, and by Azerbaijan to the southeast. The country covers an area of , and has a population of 3.7 million people. Tbilisi is its capital as well as its largest city, home to roughly a third of the Georgian population. During the classical era, several independent kingdoms became established in what is now Georgia, such as Colchis and Iberia. In the early 4th century, ethnic Georgians officially adopted Christianity, which contributed to the spiritual and political unification of the early Georgian states. In the Middle Ages, the unified Kingdom of Georgia emerged and reached its Golden Age during the reign of King David IV and Queen Tamar in the 12th and early 13th centuries. Thereafter, the kingdom decl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of German Presidents
A number of presidential offices have existed in Germany since the collapse of the German Empire in 1918. The Weimar Constitution of August 1919 created the office of President of Germany (german: Reichspräsident). Upon the death of Paul von Hindenburg in August 1934, the office was left vacant, with Adolf Hitler becoming head of state as ''Führer und Reichskanzler'' (retroactively approved by a referendum). In April–May 1945, Karl Dönitz briefly became President upon the suicide of Hitler (in accordance with the last will and testament of Hitler). The Basic Law for the Federal Republic of Germany of May 1949 created the office of President of the Federal Republic of Germany (german: Bundespräsident). Since German reunification in 1990, the President has been the head of state for all of Germany. The East German constitution of October 1949 created the office of President of the German Democratic Republic (german: Präsident der Deutschen Demokratischen Republik, DDR). ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Theodor Heuss
Theodor Heuss (; 31 January 1884 – 12 December 1963) was a German liberal politician who served as the first president of West Germany from 1949 to 1959. His cordial nature – something of a contrast to the stern character of chancellor Konrad Adenauer – largely contributed to the stabilization of democracy in West Germany during the ''Wirtschaftswunder'' years. Before beginning his career as a politician, Heuss had been a political journalist. Early life and education Heuss was born in Brackenheim, a small town and wine-making community near Heilbronn in Württemberg, on the border between the historic regions of Swabia and Franconia. He attended the Karlsgymnasium in Heilbronn, from which he graduated in 1902. This selective secondary school has since been renamed the Theodor-Heuss-Gymnasium, in honor of its famous alumnus. Heuss studied economics, art history and political science at the universities of Munich and Berlin. He received his doctorate at Munich, wit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
De Gruyter
Walter de Gruyter GmbH, known as De Gruyter (), is a German scholarly publishing house specializing in academic literature. History The roots of the company go back to 1749 when Frederick the Great granted the Königliche Realschule in Berlin the royal privilege to open a bookstore and "to publish good and useful books". In 1800, the store was taken over by Georg Reimer (1776–1842), operating as the ''Reimer'sche Buchhandlung'' from 1817, while the school’s press eventually became the ''Georg Reimer Verlag''. From 1816, Reimer used the representative Sacken'sche Palace on Berlin's Wilhelmstraße for his family and the publishing house, whereby the wings contained his print shop and press. The building became a meeting point for Berlin salon life and later served as the official residence of the president of Germany. Born in Ruhrort in 1862, Walter de Gruyter took a position with Reimer Verlag in 1894. By 1897, at the age of 35, he had become sole proprietor of the h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
University Of Leipzig
Leipzig University (german: Universität Leipzig), in Leipzig in Saxony, Germany, is one of the world's oldest universities and the second-oldest university (by consecutive years of existence) in Germany. The university was founded on 2 December 1409 by Frederick I, Elector of Saxony and his brother William II, Margrave of Meissen, and originally comprised the four scholastic faculties. Since its inception, the university has engaged in teaching and research for over 600 years without interruption. Famous alumni include Gottfried Wilhelm von Leibniz, Johann Wolfgang von Goethe, Leopold von Ranke, Friedrich Nietzsche, Robert Schumann, Richard Wagner, Tycho Brahe, Georgius Agricola, Angela Merkel and ten Nobel laureates associated with the university. History Founding and development until 1900 The university was modelled on the University of Prague, from which the German-speaking faculty members withdrew to Leipzig after the Jan Hus crisis and the Decree of Kutná H ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Leipzig
Leipzig ( , ; Upper Saxon: ) is the most populous city in the German state of Saxony. Leipzig's population of 605,407 inhabitants (1.1 million in the larger urban zone) as of 2021 places the city as Germany's eighth most populous, as well as the second most populous city in the area of the former East Germany after (East) Berlin. Together with Halle (Saale), the city forms the polycentric Leipzig-Halle Conurbation. Between the two cities (in Schkeuditz) lies Leipzig/Halle Airport. Leipzig is located about southwest of Berlin, in the southernmost part of the North German Plain (known as Leipzig Bay), at the confluence of the White Elster River (progression: ) and two of its tributaries: the Pleiße and the Parthe. The name of the city and those of many of its boroughs are of Slavic origin. Leipzig has been a trade city since at least the time of the Holy Roman Empire. The city sits at the intersection of the Via Regia and the Via Imperii, two important medieval trad ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
