Georg Friedrich Knapp

Georg Friedrich Knapp (; 7 March 1842 – 20 February 1926) was a German economist who in 1905 published The State Theory of Money, which founded the chartalist school of monetary theory, which argues that money's value derives from its issuance by an institutional form of government rather than spontaneously through relations of exchange. Biography Knapp was born on 7 March 1842. His father was the acclaimed chemist Friedrich Ludwig Knapp. Knapp studied in Munich, Berlin and Göttingen, and in 1867 became director of the Statistical Bureau of Leipzig. In 1869 he was appointed assistant professor of economics and statistics in the University of Leipzig. In 1874 he was appointed a professor of political economy at the University of Strasbourg, where he remained until 1918. He was also rector at Strasbourg in 1891–1892 and 1907–1908. In 1886, he founded the periodical Abhandlungen aus dem staatswissenschaftlichen Seminar zu Strassburg. Family Knapp was the father of Elly Heuss-Knapp, the future wife of Theodor Heuss, the first President of the Federal Republic of Germany.