Purchase money (monetary theory)

Kaufgeld is a term used by Rudolf Steiner from the term trio Kaufgeld, Leihgeld , Schenkgeld , which he and his students used and continues to use in the context of the threefold idea of the social organism.

As long as money, which, according to Steiner, is nothing more than changing bookkeeping , serves to exchange goods or services (all services have the character of a commodity, every commodity is a service) that have a specific value for the consumer, it is functional purchase money. If business money is invested as loan money, i.e. in production, the value of the money can only be determined by the economic ability or the spirit of the entrepreneur. In the case of gift money, no more determinable value can be determined.

literature

• Economics course. Fourteen lectures, given in Dornach from July 24th to August 6th, 1922 for students of political economy, complete edition No. 340, 5th edition, Dornach (Switzerland) 1979