"Georg Friedrich Knapp (1842-1926) is recognized as a prominent figure in the third generation of the historical school of German political economy, which was led by Gustav Schmoller. He holds a significant position as one of the pillars of the German Historical School, acknowledged by Wicksell. Knapp pursued his studies in political economy at Munich, Berlin, and G�ttingen universities.In 1874, he assumed the role of a professor at the University of Stra�burg, where he remained until 1919 when Alsace was returned to France. Prior to the publication of his influential work, ""The State Theory of Money,"" Knapp's scholarly focus predominantly revolved around economic development and agricultural history. He gained widespread acclaim as the foremost authority on German agricultural history during the transitional period to capitalism. Joseph Schumpeter eloquently described him as possessing a remarkable combination of far-reaching vision and meticulous research. It was after this period that Knapp embarked on his ground-breaking endeavour, resulting in the publication of ""The State Theory of Money"" in 1905. Knapp is credited with founding the chartalist school of monetary theory, which left a profound impact on notable figures such as John Maynard Keynes and influenced post-Keynesian economics, including Modern Monetary Theory (MMT). With over 30 years of extensive banking industry experience, including regional leadership positions in renowned global banks, the translator also excels as a researcher in Post Keynesian economics. He has authored numerous articles in economics journals and published Abenomics and Enemies from Alice's Wonderland (2023), a book delving into the foundations of Abenomics. Additionally, he has translated various books on economic theories and economic sociology, including Bernhard Laum's Heliges Geld (1924) under the English title Sacred Money. He holds postgraduate degrees in economics from the London School of Economics and the University of Cambridge. With over 30 years of extensive banking industry experience, including regional leadership positions in renowned global banks, the translator also excels as a researcher in Post Keynesian economics. He has authored numerous articles in economics journals and published Abenomics and Enemies from Alice's Wonderland (2023), a book delving into the foundations of Abenomics. Additionally, he has translated various books on economic theories and economic sociology, including Bernhard Laum's Heliges Geld (1924) under the English title Sacred Money. He holds postgraduate degrees in economics from the London School of Economics and the University of Cambridge."
"""(Knapp's) book is formally and substantively one of the great masterpieces of German literary style and scientific acumen."" - Max Weber ""In terms both of its content and its form [..] it (the State Theory of Money) is to be counted among the pearls of economics literature"" - Knut Wicksell ""The Age of Chartalist or State Money was reached when the State claimed the right to declare what thing should answer as money to the current money-of-account - when it claimed the right not only to enforce the dictionary but also to write the dictionary. To-day all civilised money is, beyond the possibility of dispute, chartalist."" - John Maynard Keynes ""Following Knapp, Keynes argued that the state determines what serves as the money of account as well as dictates what ""thing"" will be accepted as money."" - Randall Wray"