Died 29 July 1920, Hamburg, Germany | ||
Friedrich Bendixen (1864–1920) was an American-born German banker who made contributions to monetary theory.
Contents
Early life and education
He was born in San Francisco, California in the United States, and received his education in Germany at Heidelberg and Leipzig.
Career
Bendixen was a banker in Hamburg, Germany.
Monetary theory of Bendixen
The supply of money should not increase faster than production, because as production increases, the ratio of the circulation of money (notes that acquire goods) and goods themselves should remain constant, otherwise prices and values would become unstable.
References
Friedrich Bendixen Wikipedia(Text) CC BY-SA