The State Theory of Money
Knapp, Georg Friedrich / Bonar, J. / Lucas, H. M.![The State Theory of Money](https://support.digitalhusky.com/media/annotations/sorted/991/9918036/CHSBZCOP039918036.jpg)
First published in 1095 in Germany, translated from the fourth edition and published in England in 1924, this seminal work ran counter to the classical and neo-classical theories of money. Knall defined money as a creation of the state, with no intrinsic value. This concept helped to lay the foundation for J. M. Keynes's work.