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The Monetary Welfare Optimum

  • Dieter Suhr
Part of the Studies in Contemporary Economics book series (CONTEMPORARY)

Abstract

From the very beginning of this essay, the goal has been to identify basic deficiencies in the welfare optimum of the capitalistic economic system. Already in Chapter 1.5 it was assumed that capitalism would be best if returns on mere capital approximated zero. The starting point of the investigation was capital. But step by step attention shifted from capital in general to financial capital in particular, and above all to the transaction benefits of money, that is to money’s monetary liquidity, its services, and its liquidity-premium. Now it is time to summarize the results.

Keywords

Marginal Utility Cash Holder Real Capital Welfare Optimum Welfare Criterion 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag Berlin Heidelberg 1989

Authors and Affiliations

  • Dieter Suhr
    • 1
  1. 1.University of AugsburgAugsburgGermany

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