Aufsatz über Lansburgh im European Journal of the History of Economic Thought erschienen


Alfred Lansburgh was a leading publicist on money in Germany during the Weimar Republic. He developed a Token Theory of Money, a nominalistic monetary theory with an endogenous quantity of money but warns of the danger of misuse. Only therefore, he combines his understanding of money as a right—as a legal claim on goods and services—with a metallistic conception of gold money. Lansburgh was misunderstood during his time, and he remains so until today. He was often described as an “orthodox gold money theorist,” but he was a passionate “token money theorist,” with many similarities e.g. to Joseph Schumpeter.

Keywords: Lansburgh, Die Bank, Inflation, Token Theory of Money, Topic Modeling

JEL-Codes: B26, B31, N24

Postprint: The Version of Record of this manuscript has been published and is available in The European Journal of the History of Economic Thought 

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