| Budget Amount *help |
¥4,550,000 (Direct Cost: ¥3,500,000、Indirect Cost: ¥1,050,000)
Fiscal Year 2020: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000)
Fiscal Year 2019: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000)
Fiscal Year 2018: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000)
Fiscal Year 2017: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000)
Fiscal Year 2016: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000)
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| Outline of Final Research Achievements |
This study considered the relationship between money and the state. The first is that I examined the Bank of England’s independence. The increase in prices after the suspension of cash payments by the Bank of England in 1797 was caused by the government’s large quantity of borrowing from the Bank. However, H. Thornton asserted the theory of financial independence to criticize the theory of financial dependence. The second is J. Steuart's theory of money of account. Coins cannot be accomplished the standard of price for their exchange rate of gold to silver and wear. Therefore, paper money, Bank notes and bank money taken from a commodity can be achieved its function. The third is that I studied Tokuzo Fukuda’s theory of money that had criticized G. F. Knapp’s state theory of money. He argued money as a means to pay the tax more than the legal tender and emphasized the acceptance by means of the state.
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