Prof. Rittershausen's groundbreaking work is now available in English!
Translation by T. Megalli with assistance of John Zube
MONETARY THEORY - Special Edition
For better understanding, this special edition has additional explanations, relevant informations and comments by John Zube, who personally knew Prof. Rittershausen and corresponded with him.
UNEMPLOYMENT AS A PROBLEM OF TURNOVER CREDITS AND THE SUPPLY OF MEANS OF PAYMENT
Excerpted by Thomas H. Greco, Jr. from a document supplied by John Zube (PP41RiU). Bold emphasis is mine; all caps emphasis is Zube’s.
Excerpts from Part A
Banks Of Issue And Banknotes As Means For Organising Mutual Turnover
This section provides a good description of how sound money represents goods that are already in the market or on their way to market, and contrasts that with money that is issued on unsound bases. It should be readily comprehensible to the layperson. -- t.h.g.
Excerpts from Part B
The Gradual Destruction Of The Classical System, From 1909 To 1932, As Cause Of The Difficulties Encountered In Re-Integrating The Unemployed
This section provides an analysis of the historical policies and errors of government intervention, with particular reference to the case of Germany during the first third of the twentieth century, but also with regard to the other industrialized countries that pursued a similar course. It draws from this analysis certain conclusions, and makes recommendations that are reasonable and well grounded. It may be difficult for the layman to follow, but the informed scholar will find in the full text a rich vein of insight. - t.h.g. 2004-1-12
Excerpts from Part C
The Clearing Principle And The "Vier Gesetzentwuerfe" (Four Law Drafts) To Re-Integrate The Unemployed In The Economic Process
This section provides a good theoretical foundation for the organization of independent credit clearing circles. - t.h.g
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