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The (quantity) theory of money and credit
The Review of Austrian Economics, 2011 The 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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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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Efficient Capital Markets and the Quantity Theory of Money
Journal of Finance, 1974THROUGHOUT the discussion of efficient capital markets, little attention has been given to the apparent contradiction between the quantity theory of money and the efficient markets hypothesis. Yet the relation between the money supply and stock prices found by Sprinkel [1964] seems to refute other findings of capital market efficiency.
exaly +2 more sources
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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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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Studies in the Quantity Theory of Money.
Journal of the American Statistical Association, 1957F. H. Hahn +5 more
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1974
In Chapter 15 we completed our account of the static ‘neo-Keynesian’ model by examining the relationship such a model predicts between an assumed exogenous change in the nominal money stock and the endogenous response of the price level.
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In Chapter 15 we completed our account of the static ‘neo-Keynesian’ model by examining the relationship such a model predicts between an assumed exogenous change in the nominal money stock and the endogenous response of the price level.
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This book explores the causes, costs and benefits of inflation. It argues that while the cause of inflation is essentially monetary, the costs and benefits of inflation lie in inflation’s distortion of the economy's responses to real shocks.
Mark Blaug +5 more
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Mark Blaug +5 more
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The Quantity Theory of Money, 1870-2020
SSRN Electronic JournalThis study re-assesses the validity of the quantity theory of money (QTM) for the very long sample, 1870 to 2020, for 18 industrial countries using the dataset from Jordà et al. (2017). It considers structural changes in the economic and financial sectors and changes in monetary policy frameworks. Three findings are presented.
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