Regression Theorem - Wikipedia - Ludwig von Mises  ## Metadata - Author: **Ludwig von Mises** - Full Title: Regression Theorem - Wikipedia - Category: #articles - URL: https://en.wikipedia.org/wiki/Regression_theorem#:~:text=The%20Regression%20Theorem%2C%20first%20proposed,its%20value%20as%20a%20commodity. ## Highlights - The Regression Theorem, first proposed by Ludwig von Mises in his 1912 book The Theory of Money and Credit, states that the value of money can be traced back ("regressed") to its value as a commodity. The theorem claims that at a point in time there was a good with objective exchange value based on the value of it as a commodity (i.e. silver, gold, etc.), which lead to the good's capacity in given circumstances to procure a specific quantity of other goods as an equivalent in exchange and is derived from the human process of valuing individual goods not granted from nature,[1] based on emotion which was then gradually adopted as money