Foreword to Sixth Edition

doi:10.1093/law/9780199609178.002.0005

Front Matter

Foreword to Sixth Edition

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https://doi.org/10.1093/law/9780199609178.002.0005

Pages

vii–x

Published:

October 2012

Extract

My father never said what or who actually inspired him to write The Legal Aspect of Money. His formation, including his doctoral thesis ‘Die Sachgrundung in Aktienrecht’ (The payment for shares in kind) at Berlin University, was in the field of company law. However, he must have had a latent awareness of problems of monetary law and practice. He was the grandson of a banker, partner of Mann and Loeb in Frankenthal in the Palatinate, which was sold to a predecessor bank of the Deutsche Bank in 1913. His father was concerned in liquidating some of the bank's affairs after 1918 and my father was a trainee for a short time in the successor bank. He grew up amid the uncertainties of currency exchange rates and restrictions in the French zone of occupation and during the great inflation in Germany. An intimate friend of his father since schooldays was Karl Hellferich, a pupil of Georg Friederich Knapp and author of the well-known book on money, whose dazzling bureaucratic and business career, as well as his extreme political views, must have meant that his name was frequently mentioned. Two of his professors at Berlin University, Martin Wolff and Arthur Nussbaum, each wrote on the law of money and would have discussed the legal consequences of the stabilisation of the mark in 1924. Finally the famous case of Adelaide Electric Supply Co v Prudential Assurance Co in 1934 was at the right moment for someone of his background, anxious to establish himself. My father wrote, ‘in the summer of 1936 I had decided to write a book on the law of money: a number of cases which were before the courts in those years appeared to make a systematic investigation and presentation of the subject necessary, particularly since no work on it in the English language was available’.

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