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quantity theory

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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 (1994) 26 (2): 221–238.
Published: 01 June 1994
...Steven Horwitz 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 authors. However...
Journal Article
History of Political Economy (2000) 32 (1): 39–60.
Published: 01 March 2000
..., M. 1995 . Why Is the Quantity Theory the Oldest Surviving Theory in Economics? In The Quantity Theory of Money:From Locke to Keynes and Friedman . Aldershot, United Kingdom:Edward Elgar. Cannan, E., ed. 1925 . The Paper Pound. 2d ed. London: P. S. King. Cesarano, F. 1998 . Hume's Specie...
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 (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 (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 (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 (1999) 31 (3): 449–471.
Published: 01 September 1999
... . The Methodology of Positive Economics. In Friedman 1953b. Friedman , M. Papers 1955 . Leon Walras and His Economic System. American 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...
Journal Article
History of Political Economy (2010) 42 (3): 573–592.
Published: 01 September 2010
...: r.j.sandilands@strath.ac.uk ). Copyright 2010 by Duke University Press 2010 Harvard, the Chicago Tradition, and the Quantity Theory: A Reply to James Ahiakpor David Laidler and Roger Sandilands James Ahiakpor’s critique of our work (Laidler and Sandilands 2002a) on some specific links...
Journal Article
History of Political Economy (2001) 33 (Suppl_1): 162–189.
Published: 01 December 2001
...Thomas M. Humphrey Quantity Theory and Needs-of-Trade Measurements and Indicators for Monetary Policymakers in the 1920s Thomas M. Humphrey It is no accident that the age ofmeasurement in economics coincides with the rise ofcentral banking, for that epoch produced the statisti- cal...
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 (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
...James Herman References Eshag , Eprime 1963 . From Marshall to Keynes: an essay on the monetary theory of the Cambridge School . Oxford. Friedman , Milton 1956 . ‘The quantity theory of money—a restatement.’ In M. Friedman, ed., Studies in the quantity theory of money...
Journal Article
History of Political Economy (1982) 14 (1): 89–100.
Published: 01 March 1982
..., 1927 . Friedman , Milton . “The Quantity Theory of Money—A Restatement.” In Studies in the Quantity Theory of Money , ed. M. Friedman (Chicago 1956 ). Friedman , Milton . “The Monetary Theory and Policy of Henry Simons.” Journal of Law and Economics 10 ( Oct. 1967 ): 1 -14...
Journal Article
History of Political Economy (2000) 32 (4): 733–764.
Published: 01 November 2000
...] 1953 . Monetary and Fiscal Framework for Economic Stability. In Essays in Positive Economics . Chicago: University of Chicago Press. ____. 1953 . Essays in Positive Economics . Chicago: University of Chicago Press. ____. 1956 . The Quantity Theory of Money—A Restatement. In Studies...
Journal Article
History of Political Economy (1994) 26 (4): 539–567.
Published: 01 November 1994
... orthodoxy was the classical quantity theory. As a member of the Banking School, whose leading members Thomas Tooke and John Fullarton opposed the quantity theory when applied to a metallic currency (see Santiago-Valiente 1988 and Glas- ner 1989), one might expect Mill to adopt a similar viewpoint...
Journal Article
History of Political Economy (1985) 17 (4): 677–680.
Published: 01 November 1985
... changes primarily affect output” (p. 4). As Friedman has stressed, quantity theorists lack a formal theory of monetary dynamics. Thus, Friedman believes that the “contribution to economic stability” by the (steady money growth) rule “is the most that we can ask from monetary policy at our...
Journal Article
History of Political Economy (1976) 8 (3): 324–340.
Published: 01 September 1976
... interpretation of the business system. As a monetary theorist he held a complex combination of largely orthodox ideas. These included the quantity theory, stable prices, sound money, the gold standard, that the price level and price of gold tended to move together, and that cycles were...
Journal Article
History of Political Economy (2005) 37 (2): 386–391.
Published: 01 June 2005
... in the Quantity Theory of Money . Chicago: University of Chicago Press. Gordon, Robert J., ed. 1974 . Milton Friedman's Monetary Framework: A Debate with His Critics . Chicago: University of Chicago Press. Johnson, Harry. 1962 . Monetary Theory and Policy. American Economic Review 52 (June): 325 -84...