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Journal Article
History of Political Economy (2001) 33 (Suppl_1): 162–189.
Published: 01 December 2001
... Reserve Bank of Richmond Economic Review 71.6 : 3 -14. Kemmerer, E. W. 1907 . Money and Credit Instruments in Their Relation to General Prices . New York: Henry Holt. Laidler, David. 1991 . The Golden Age of the Quantity Theory: The Development of Neoclassical Monetary Economics . Princeton...
Journal Article
History of Political Economy (2010) 42 (3): 573–592.
Published: 01 September 2010
..., and of the relationships between them, both for the literature of the time, and for later debates about the origins of 1930s Chicago ideas about monetary economics. He is correct to locate these documents in a more general quantity theoretic tradition, but his discussion here is marred by a serious misunderstanding...
Journal Article
History of Political Economy (1999) 31 (3): 449–471.
Published: 01 September 1999
... Economic Review 45 . 5 : 900 -909. Friedman , M. Papers 1956 . The Quantity Theory of Money—A Restatement. In Studies in the Quantity Theory of Money , edited by M. Friedman. Chicago: University of Chicago Press. Friedman , M. Papers 1957 . A Theory of the Consumption Function...
Journal Article
History of Political Economy (2000) 32 (1): 39–60.
Published: 01 March 2000
... : 311 -26. ____. 1991 . Thomas Tooke: Pioneer of Monetary Theory . Ann Arbor: University of Michigan Press. Bagehot, W. [1873] 1962 . Lombard Street . Homewood, Ill.: Irwin. Blaug, M. 1995 . Why Is the Quantity Theory the Oldest Surviving Theory in Economics? In The Quantity Theory...
Journal Article
History of Political Economy (1973) 5 (2): 285–316.
Published: 01 June 1973
...Thomas M. Humphrey Copyright © 1973 by Duke University Press 1973 References Allais , Maurice . “Restatement of the Quantity Theory of Money.” American Economic Review 56 (Dec. 1966 ): 1123 -57. Anderson , Benjamin M. “Cheap Money, Gold and the Federal Reserve Bank...
Journal Article
History of Political Economy (1974) 6 (2): 200–219.
Published: 01 June 1974
.... Rev. ed. London and New York, 1935 . Hegeland , Hugo Quantity Theory of Money . Göteborg, 1951 . Hume , David On the Balance of Trade ( 1752 ). In David Hume, Writings on Economics . Edited by Eugene Rotwein. Madison, Wis., 1955. Keynes , John Maynard . The General Theory...
Journal Article
History of Political Economy (1976) 8 (1): 44–49.
Published: 01 March 1976
... Copyright © 1976 by Duke University Press 1976 5. The theoretical framework of the Treatise: the dynamic analysis, the quantity theory, and Wicksell In the preceding chapter, I have summarized the main features of Book 111 of the Treatise, entitled “The Fundamental...
Journal Article
History of Political Economy (1988) 20 (1): 137–140.
Published: 01 March 1988
... CCC 00 18-2702/88/$1.50 Comment: Marx, the quantity theory, and the theory of value Murray Wolfson At first, Don Lavoie’s’ discussion of Marx’s “ghost of gold” theory of money in Austrian terms seems anachronistic, but on closer reading is consistent with a general view...
Journal Article
History of Political Economy (1994) 26 (2): 221–238.
Published: 01 June 1994
.... Cambridge: Cambridge University Press. Complementary Non-Quantity Theory Approaches to Money: Hilferding’s Finance Capital and Free-Banking Theory Steven Horwitz It is not that unusual in the history of economic thought to find a the- orist whose work parallels the analysis of modern...
Journal Article
History of Political Economy (1993) 25 (4): 761–763.
Published: 01 November 1993
...Frank G. Steindl David Laidler. Princeton, N.J.: Princeton University Press, 1991. 220 pp. $35.00. Copyright © 1993 by Duke University Press 1993 Book Reviews 761 The Golden Age of the Quantity Theory. By David Laidler. Princeton, N.J...
Journal Article
History of Political Economy (1981) 13 (4): 812–823.
Published: 01 November 1981
... University Press The roots of hedonism: an ancient analysis of quantity and time S. Todd Lowry, Washington and Lee University By excluding from the history of political economy everything con- cerned with the ancients, modern economists have voluntarily de- prived themselves...
Journal Article
History of Political Economy (1986) 18 (1): 155–170.
Published: 01 March 1986
... Press CCC 00 18-2702/86/$1.50 Max, the quantity theory, and the theory of value Don Lavoie I. Introduction By the ‘quantity theory’ is meant some form of the often empirically illus- trated proposition...
Journal Article
History of Political Economy 227–258.
Published: 26 August 2021
...Aashish Velkar Index numbers are indirect measurements as well as composite quantities that present particular inferential challenges to the measurer and their intended audiences. The early history of the use of index numbers in British economics (ca. 1860–1914) shows that making inferences using...
Journal Article
History of Political Economy (2020) 52 (4): 709–740.
Published: 01 August 2020
... allowed both intra and interpersonal comparisons, thus justifying the use of mathematical techniques to answer welfare issues. Edgeworth found inspiration in a similar quest, the invention of temperature, which had permitted the transformation of a feeling, “coldness,” into a physical quantity...
Journal Article
History of Political Economy (2012) 44 (3): 451–469.
Published: 01 September 2012
... 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...
Journal Article
History of Political Economy (2010) 42 (2): 323–360.
Published: 01 June 2010
...Ludovic Desmedt; Jérôme Blanc Far more than the problem of the quantity of money, false money was the central issue in monetary debates that occurred in Europe in the sixteenth and seventeenth centuries. It first referred to sovereignty, in a time of state-building, as well as to a serious...
Journal Article
History of Political Economy (2009) 41 (2): 383–406.
Published: 01 June 2009
... a more general application for the theory; that he continued to invoke (changes in) quantities of labor as principal determinants of (changes in) exchangeable value in all states of society; and that he had, in his own terms, some theoretical justification for his position. Moreover, it is argued...
Journal Article
History of Political Economy (2019) 51 (2): 259–296.
Published: 01 April 2019
...George S. Tavlas During the early 1930s University of Chicago economists developed a comprehensive set of policy proposals that presaged those proposed by Fed economists and academics in the aftermath of the 2007–8 financial crisis. Using the quantity-theory framework to analyze the business cycle...
Journal Article
History of Political Economy (1984) 16 (4): 583–590.
Published: 01 November 1984
... . ‘The quantity theory of money—a restatement.’ In M. Friedman, ed., Studies in the quantity theory of money (Chicago), p. 3 -21. Johnson , Harry 1962 . ‘Monetary theory and policy.’ American Economic Review 52 : 335 -84. Johnson , Harry 1971 . ‘The Keynesian revolution and the monetarist...
Journal Article
History of Political Economy (2020) 52 (1): 171–190.
Published: 01 February 2020
... possible construction, a labor theory of exchangeable value should be understood as a theory maintaining that (changes in) exchangeable value between some designated class of produced commodities are determined by (changes in) the quantities of labor expended on their production (383n1). Perhaps...