Lecture 99 of 135 · Man, Economy, and State, with Power and Market
11.03. Changes in the Money Relation
11.03. Changes in the Money Relation by Murray N. Rothbard is a free audio lecture (1:18) at freecapitalists.org, recorded 21 October 2011, part of the 135-lecture series Man, Economy, and State, with Power and Market.
Austrian Economics OverviewMoney and BankingPolitical Theory
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0:003. Changes in the Money Relation The purchasing power of money is determined by two factors, the total demand schedule for money to hold and the stock of money in existence. If the stock of money is decreased, there will be an excess of demand for money at the existing PPM and the PPM will rise until the The New Equilibrium Point is reached. The absurdity of classifying monetary theories into mutually exclusive divisions, such as Supply and Demand Theory, Quantity Theory, Cash Balance Theory, Commodity Theory, Income and Expenditure Theory, should now be evident.
0:51For all these elements are found in this analysis. Money is a commodity. Its supply or quantity is important in determining its exchange value. Demand for money for the cash balance is also important for this purpose, and the analysis This can be applied to income and expenditure situations.
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Man, Economy, and State, with Power and Market
135 lectures, 57.8 hours, recorded 2011. See the full series or subscribe by RSS.
Speakers: Joseph T. Salerno, Murray N. Rothbard.
Recording date and topics for this lecture come from the Mises Institute's page for 11.03. Changes in the Money Relation, checked 2026-08-04.
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- Murray N. Rothbard delivered it, in the series Man, Economy, and State, with Power and Market.
- When was 11.03. Changes in the Money Relation recorded?
- It was recorded 21 October 2011.
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- It is lecture 99 of 135 in Man, Economy, and State, with Power and Market, which is free to stream or download in full.