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This authoritative and comprehensive reference work provides a thorough account of the classical approach to economics. It contains almost two hundred informative short entries in an easily accessible dictionary format on all the significant areas of this school of thought.
Giuseppe Mastromatteo, Adelmo Tedeschi
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The (quantity) theory of money and credit
The Review of Austrian Economics, 2011The Theory of Money and Credit (1912) is rightly regarded as a seminal book in the development of the Austrian school approach to monetary theory. We argue that Mises’ understanding of the equation of exchange differs from both of the conventional textbook versions, and warrants recognition as being a distinct contribution.
Anthony J. Evans, Robert Thorpe
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Stability and the Quantity Theory
Journal of Political Economy, 1974This paper presents a method for analyzing the microdynamics of monetary exchange. The central feature of the analysis is that transactions take place during the process of price adjustment. The method is used to demonstrate the stability of a long-run equilibrium in which the quantity theory is valid.
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1987
In this survey, we shall first present a formal statement of the quantity theory, then consider the Keynesian challenge to the quantity theory, recent developments, and some empirical evidence. We shall conclude with a discussion of policy implications, giving special attention to the likely implications of the worldwide fiat money standard that has ...
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In this survey, we shall first present a formal statement of the quantity theory, then consider the Keynesian challenge to the quantity theory, recent developments, and some empirical evidence. We shall conclude with a discussion of policy implications, giving special attention to the likely implications of the worldwide fiat money standard that has ...
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Friedman on the Quantity Theory and Keynesian Economics
Journal of Political Economy, 1972The article is based on textual evidence from the quantity-theory and Keynesian literature. It shows, first, that the conceptual framework of a portfolio demand for money that Friedman denotes as the "quantity theory" is actually that of Keynesian economics.
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Theory of Inflation and Quantity-Theory [PDF]
Swiss Journal of Economics and Statistics, 1958 None
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1989
The emergence of the money economy has been examined in detail. The evolution of increasingly sophisticated banking practices was seen to be guided by the market process. Banking is important to the money economy, but its presence should not be allowed to obscure more fundamental issues.
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The emergence of the money economy has been examined in detail. The evolution of increasingly sophisticated banking practices was seen to be guided by the market process. Banking is important to the money economy, but its presence should not be allowed to obscure more fundamental issues.
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