Search Results for Real Bills Doctrine

...George S. Tavlas Gold, the Real Bills Doctrine, and the Fed: Sources of Monetary Disorder, 1922–1938 . By Humphrey Thomas M. Timberlake Richard H. . Washington, DC : Cato Institute , 2019 . xix ; 201 pp. $14.95 . Copyright © 2021 Duke University Press 2021 References...

.... In Alternatives to Government Fiat Money , edited by James Dorn. Boston: Kluwer Academic. Green , Roy H. 1987 . Real Bills Doctrine. In New Palgrave: A Dictionary of Economics , edited by J. Eatwell, M. Milgate, and P. Newman. London: Macmillan. Hoover , Kevin. 1988 . Money, Prices and Finance...

.... Keynes , John M. 1936 . The general theory of employment, interest and money . New York. Laidler , David 1981 . ‘Adam Smith as a monetary economist.’ Canadian Journal of Economics 14 ( May ): 185 -200. Laidler , David 1984 . ‘Misconceptions about the Real Bills doctrine...

...Laurent Le Maux This article builds a “matrix of reflux” of all the channels of reflux of demand debts described by the banking school. It follows that the banking school’s law of reflux in general is different from the antibullionist real bills doctrine and more complete than a description...

... paper was regularly used to make commercial payments. While thinkers of the stature of David Hume and Adam Smith utilized the quantity theory of money or the real bills doctrine to explain the monetary system, Henry Thornton broke new ground by developing a theory that recognized the essential truth...

...) presents an innovative and consistent anti-Bullionist position. His views differ from those of the Bank of England and other anti-Bullionists; unlike them, he rejected the Real Bills Doctrine and Smith's monetary thinking in general as it applied to both convertible and inconvertible monetary arrangements...

... cost-based theory of money arose in opposition to the simplistic, quantity-theoreticthinking of the mercantilists. Later the classical theory, extended to include the real-bills doctrine, was used by the directors of the Bank of England and by the banking school to refute the quantity...

... , Lord (Samuel Jones Loyd) 1971 . The Correspondence of Lord Overstone . Edited by D. P. O'Brien. Vol. 1. London. Perlman , Morris 1989 . Adam Smith and the Paternity of the Real Bills Doctrine. HOPE 21 ( Spring ): 77 -90. Rist , Charles [ 1938 ] 1940. History of Money...

... contraction, the Fed saw it as precisely what the real bills doctrine prescribed in an environ- ment offalling output and employment. For the slumping levels ofthose variables meant, according to the doctrine, that less money and credit were required to finance them. Likewise, the price deflation accompa...

.... Unfortunately, what results is a rather confusing discussion of the evolution of monetary thought and of Tooke’s views that bumps continually into the phrase “real bills doctrine.” According to Arnon, the Banking School accepted the real bills doctrine (for money, but not for credit), although Tooke...

.... Southern Economic Journal 52 . 1 : 46 -67. Glasner , D. 1989 . On Some Classical Controversies. HOPE 21 . 1 : 201 -29. Glasner , D. 1992 . The Real-Bills Doctrine in the Light of the Law of Reflux. HOPE 24 . 4 : 867 -94. Hayek , F. A. von. [1976] 1978...

.... Laidler , David W. 1984 . Misconceptions about the Real-Bills Doctrine: A Comment on Sargent and Wallace. Journal of Political Economy 92 ( February ): 149 -55. Laidler , David W. 1988 . British Monetary Orthodoxy in the 1870s. Oxford Economic Papers 40 ( March ): 74 -109. Link...

....’ In D. Laidler, Essays in money and inflation (Chicago). Laidler , D. 1981 . ‘Adam Smith as monetary economist,’ Canadian Journal of Economics 14 ( May ). Laidler , D. 1984 . ‘Misconceptions about the real bills doctrine: a comment on Sargent and Wallace.’ Journal of Political...

... Economics, edited by W. Dolfsma, D. W. Hands, and R. McMaster, 17 40. Abington: Routledge. Gold, the Real Bills Doctrine, and the Fed: Sources of Monetary Disorder, 1922 1938. By Thomas M. Humphrey and Richard H. Timberlake. Washington, DC: Cato Institute, 2019. xix; 201 pp. $14.95. At the beginning...

... and Monetary Reform . New York: Cambridge University Press. Glasner , David . 1989b . On Some Classical Monetary Controversies. HOPE 21 . 2 : 201 -29. Glasner , David . 1992 . The Real-Bills Doctrine in the Light of the Law of Reflux. HOPE 24 . 4 : 867 -94. Gomes , Leonard . 1993...

... “overissue” in this country’s history has resulted from some political warping of the monetary system by the federalgovernment—as Hoffmann would know had she paid more heed to Friedman and Schwartz’s Monetary History. Hoffmann correctly introduces the real bills doctrine into her discussion of bank...

... be produced or imported at the same cost with itself.” Mason - Winners and losers 479 cation of the quantity theory from short run to long run,’ the banking-school stewards of antibullionist doctrine had an answer for Ricardo’s question, in the form of the “real bills...

.... Ross. 1977 . The Correspondence of Adam Smith . Oxford: Clarendon. Munro , Neil . 1928 . The History of the Royal Bank of Scotland 1727–1927 . Edinburgh: Clark. Perlman , Morris . 1989 . Adam Smith and the Paternity of the Real Bills Doctrine. HOPE 21 . 1 (Spring): 77 -90...

... to policy the banking school has always been associated with the “real bills” doctrine, also known as the commercial loan theory of banking. Bank lending should be confined to “real bills,” i.e., loans that will enable real output. The central bank, in turn, should act only as a passive “lender...

... inferences from the actual course of affairs of those years. . . . Moreover, and this is of 8. Friedman and Schwartz cites Mints three times in the Monetary history though none refers to the GC. Twice he is referenced for his “real bills’’ doctrine analysis and once for the historical...