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To any other areas of an economic life, also that against idea "Bankfrajhajta"
-- Bank freedom ("Bankfreiheit") - and it has not been resulted the serious
Arguments. Two treatises on a subject of banks and the credit have been published these years
Wagner and Kniesom (Knies) accordingly zugleich ein
Handbuch des Zettelbankwesens ", in
Two volumes, A. Wagner, 1873 - 1879, " Geld und Kredit ", "System der deutschen
Zettelbankgesetzgebung unter Vergleichung mit der Auslandischen, 1870 - 1873. It G. Knies. Each of them supported opposite sides
Dispute. Wagner, however, has had time to get by then under influence of the historical
Schools and, thus, any more were not so uncompromising adherent
He insisted that the absolute decision in favour of any one of systems
Did not exist in general, and each of them could be justified at the defined
Coincidence of circumstances. However Wagner has refused only few postulates
The former position also has saved the liking to ideals of the free
Among other, Wagner aspired to destroy the theory that issue of banknotes
Brings incalculable profits. Such sight served as a nutrient medium for
Critics Kniesa to free system. He wrote that manufacture of banknotes
Should be object of special regulation, because their creation of anything
It is not necessary it. I, in the same place, with. 313. Wagner specified in existence of costs
Managements and that is especially important, on cost of the capital of the considerable sizes,
Necessary for issue business.
Wagner and necessities to allocate bank business from other spheres did not recognise
Industrial activity and to extend to it a principle of the unlimited
Responsibility. At the same time Wagner considered expedient reform carrying out
All code of laws about business which would establish special conditions for
Functioning of its various spheres. Being guided by this idea, it has started to
To creation of "Normativbedingungena" which could be applied to the bank
To business. In particular, the size of the banking capital should satisfy
To some minimum level, face value of banknotes was limited from below,
The interbank exchange of banknotes should be spent on a regular basis
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