The quantity theory of money was the foundation of the gold standard.

货币数量学说①是金本位制的基础理论。

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Thus was born the quantity theory of money, which has survived to this day.

货币数量理论由此诞生，并一直延续至今。

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Marx's interest-bearing capital theory is an important part of his theory of money and finance.

马克思生息资本理论是其货币金融理论的重要组成部分。

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He had published the "General Theory of Employment, Interest and Money" the year before.

VOA: special.2011.05.01

The quantity theory of money holds that the money supply, multiplied by the rate at which it circulates (called velocity), equals nominal income.

ECONOMIST: Economics focus

Not the least harmful effect of this particular theory is the present isolation of the theory of money from the main body of general economic theory.

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The economic contribution of his essay is that it represents the thesis advanced by German economist Georg Friedrich Knapp in The State Theory of Money (1924), an expose advocating the Chartalist approach to monetary theory claiming that money must have no intrinsic value and strictly be used as tokens issued by the government, or fiat money.

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