Studies in the History of Monetary Theory

Studies in the History of Monetary Theory
Author: David Glasner
Publisher: Springer Nature
Total Pages: 521
Release: 2021-11-01
Genre: Business & Economics
ISBN: 3030834263

This book presents an alternative approach to monetary theory that differs from the General Theory of Keynes, the Monetarism of Friedman, and the New Classicism of Lucas. Particular attention is given to the work of Hawtrey and his analysis of financial crises and his explanation of the Great Depression. The unduly neglected monetary theory of Hawtrey is examined in the context of his contemporaries Keynes and Hayek and the subsequent contributions of Friedman and of the Monetary Approach to the Balance of Payments. Studies in the History of Monetary Theory aims to highlight the misunderstandings of the quantity theory and the price-specie-flow mechanism and to explain their unfortunate consequences for the subsequent development of monetary theory. The book is relevant to researchers, students, and policymakers interested in the history of economic thought, monetary theory, and monetary policy.

Monetary Theory in Retrospect

Monetary Theory in Retrospect
Author: Filippo Cesarano
Publisher: Routledge
Total Pages: 256
Release: 2012-08-06
Genre: Business & Economics
ISBN: 1134098669

An objective and perceptive account of the literature of monetary theory, this volume, by a central banker who has studied monetary theory over the last quarter of a century, clearly shows how its inherent complexity is much enriched by the study of its history. In three parts Filippo Cesarano: focuses on the innovative ideas of distinguished economists who anticipated modern theories, elaborating on them along lines that suggest original research programmes examines the impact of expectations on the effectiveness of monetary policy, illustrating how different assumptions within the classical paradigm lead to diverse hypotheses and policy design investigates the role of monetary theory in shaping monetary institutions. Deserving of a wide readership among both academic economists and monetary policy practitioners, this collection of essays is key reading for students and researchers engaged with monetary theory and the history of economics and policy makers seeking to weigh up the assumptions underlying different theories in order to select the models best suited to the problems they face.

Monetary Theory Before Adam Smith

Monetary Theory Before Adam Smith
Author: Arthur Eli Monroe
Publisher:
Total Pages: 336
Release: 1923
Genre: Business & Economics
ISBN:

No detailed description available for "Monetary Theory Before Adam Smith".

Monetary Theory and Policy from Hume and Smith to Wicksell

Monetary Theory and Policy from Hume and Smith to Wicksell
Author: Arie Arnon
Publisher: Cambridge University Press
Total Pages: 449
Release: 2010-11-22
Genre: Business & Economics
ISBN: 113949208X

This book provides a comprehensive survey of the major developments in monetary theory and policy from David Hume and Adam Smith to Walter Bagehot and Knut Wicksell. In particular, it seeks to explain why it took so long for a theory of central banking to penetrate mainstream thought. The book investigates how major monetary theorists understood the roles of the invisible and visible hands in money, credit and banking; what they thought about rules and discretion and the role played by commodity-money in their conceptualizations; whether or not they distinguished between the two different roles carried out via the financial system - making payments efficiently within the exchange process and facilitating intermediation in the capital market; how they perceived the influence of the monetary system on macroeconomic aggregates such as the price level, output and accumulation of wealth; and finally, what they thought about monetary policy.

A Monetary History of the United States, 1867-1960

A Monetary History of the United States, 1867-1960
Author: Milton Friedman
Publisher: National Bureau of Economic Research Publications
Total Pages: 902
Release: 1963
Genre: Business & Economics
ISBN:

Historical developments of the last century are explained in terms of monetary theory.

Studies in the Theory of Money and Capital

Studies in the Theory of Money and Capital
Author: Erik Robert Lindahl
Publisher:
Total Pages: 400
Release: 1939
Genre: Business & Economics
ISBN:

The greater part of the book has been translated by Tor Fernholm. First published in 1939. The dynamic approach to economic theory.--The rate of interest and the price level (1930)--The place of capital in the theory of price (1929)--Appendix: the problems of balancing the budget (1935).

Sourcebook in Late-Scholastic Monetary Theory

Sourcebook in Late-Scholastic Monetary Theory
Author: Stephen J. Grabill
Publisher: Lexington Books
Total Pages: 400
Release: 2007-11-28
Genre: Philosophy
ISBN: 0739161148

The Sourcebook is a thematically unified collection of seminal texts in the history of economics on the topic of money and exchange relations (cambium)_its nature, purpose, value, and relationship to justice and morality in financial transactions_within the tradition of late-scholastic commercial ethics.

Sourcebook in Late-scholastic Monetary Theory

Sourcebook in Late-scholastic Monetary Theory
Author: Martín de Azpilcueta
Publisher: Lexington Books
Total Pages: 404
Release: 2007
Genre: Business & Economics
ISBN: 9780739117507

The Sourcebook is a thematically unified collection of seminal texts in the history of economics on the topic of money and exchange relations (cambium)_its nature, purpose, value, and relationship to justice and morality in financial transactions_within the tradition of late-scholastic commercial ethics.

Monetary Theory and Bretton Woods

Monetary Theory and Bretton Woods
Author: Filippo Cesarano
Publisher: Cambridge University Press
Total Pages: 5
Release: 2006-09-04
Genre: Business & Economics
ISBN: 1139459171

Over the twentieth century monetary theory played a crucial role in the evolution of the international monetary system. The severe shocks and monetary gyrations of the interwar years interacted with theoretical developments that superseded the rigid rules of commodity standards and led to the full-fledged conception of monetary policy. The definitive demise of the gold standard then paved the way for monetary reconstruction. Monetary theory was a decisive factor in the design of the reform proposals, in the Bretton Woods negotiations, and in forging the new monetary order. The Bretton Woods system - successful but nevertheless short-lived - suffered from latent inconsistencies, both analytical and institutional, which fatally undermined the foundations of the postwar monetary architecture and brought about the epochal transition from commodity money to fiat money.

History of Monetary and Credit Theory

History of Monetary and Credit Theory
Author: Charles Rist
Publisher: Routledge
Total Pages: 571
Release: 2016-11-10
Genre: Business & Economics
ISBN: 1315440946

Originally published in 1940, this book traces the development of theories concerning currency and credit from the beginning of the eighteenth century to the middle of the twentieth. It provides a comprehensive account of the political and economic conditions in which the theories and controversies arose, with the result that the work has become a classic in its field.