Page:Georg Freidrich Knapp - The State Theory of Money (1924 translation).pdf/4



The State Theory of Money appeared first in 1905; the 2nd edition followed in 1918, the 3rd in 1921, the 4th in 1923. Our translation is based on the 4th.

When the work had appeared in Germany, it was reviewed in England by Dr. J. Bonar in the Economic Journal, March 1922. The somewhat unfamiliar features of the book could not have been more happily brought out than in this review.

Thereupon the Royal Economic Society determined to set on foot an English translation, in an abridged form. The work consists of four chapters, of which only the first three will be found here, translated with masterly exactness in spite of all difficulties. The fourth chapter contains the history of currency in England, France, Germany and Austria, as shown in the Contents. The author would not have advised this omission; but the ground is perhaps one of expense and lies in any case beyond his criticism.

Moreover, the same curtailment was made in