Abstract
This essay is an examination of Weber's extensive comments on Knapp's statist theory of money. These comments are found in an appendix to the second chapter in the first part of Wirtschaft und Gesellschaft. Because Weber's reflections were heavily influenced by two of the founding members of the Austrian School of economics, Menger's notion of money and von Wieser's conception of value are explored. Whereas many scholars criticized Knapp's chartist theory, Weber did not. But he did contend that Knapp's almost exclusive focus on the formal aspects of money made his theory incomplete. By examining Weber's comments on Knapp's theory, we not only learn what Weber approved of and disapproved of regarding Knapp's theory, but gain a clearer view of Weber's conception of money.
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