Volkswirtschaftliche Saldenmechanik 978-3-16-150955-1 - Mohr Siebeck
Economics

Wolfgang Stützel

Volkswirtschaftliche Saldenmechanik

Ein Beitrag zur Geldtheorie

[The Mechanism of Net Balances. A Contribution to the Theory of Money. Unchanged Student Edition of the 2nd Edition.]

2nd edition 1978; 2011. XIII, 290 pages.
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sewn paper
ISBN 978-3-16-150955-1
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Published in German.
In his Saldenmechanik (The Mechanism of Net Balances), Wolfgang Stützel provides a didactically effective description of the quintessence of macroeconomics and its monetary system. He presents ostensibly »trivial arithmetical« but nevertheless important foundations of economics whose neglect has been the source of many misunderstandings, of apparent contradictions between related theories and as a result of this inexpedient or even »counterproductive« policy recommendations.
In his Saldenmechanik (The Mechanism of Net Balances), Wolfgang Stützel provides a didactically effective description of the quintessence of macroeconomics and its monetary system. He presents ostensibly »trivial arithmetical« but nevertheless important foundations of economics whose neglect has been the source of many misunderstandings, of apparent contradictions between related theories and as a result of this inexpedient or even »counterproductive« policy recommendations. One of these is the core of the aggregation problem – i.e. the principle that whatever applies to the whole does not necessary apply to all the parts. Another example is the confusion between »cash and cash equivalents« and »financial assets.« These aspects are included in the framework, profile theory oriented, for an integrated monetary, business and currency theory which can be used advantageously for analyzing empirical economic policy
Authors/Editors

Wolfgang Stützel (1925–1987); 1945–50 Studium der Altphilologie und der Volkswirtschaftslehre in Tübingen, Hamburg und Freiburg; 1950 Dipl.-Vw.; 1952 Dr. rer. pol.; 1958 Habilitation; 1966--68 Mitglied des Sachverständigenrates; zuletzt Professor für Volkswirtschaftslehre in Saarbrücken.

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