The Golden Age of the Quantity Theory: The Development of Neoclassical Monetary Economics 1870-1914 |
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Alfred Marshall analysis argued Bagehot Bank of England banking system behaviour bimetallism bimetallists capital changes Chapter classical economics classical monetary commodity cost of production countries cumulative process currency cycle theory cyclical demand for money developed discussed economists Edgeworth effects empirical employment entrepreneurs equilibrium explicitly fact factors Fisher fluctuations Giffen gold and silver Gold Exchange Standard gold monometallism Gold Standard Hawtrey Hawtrey's hence idea important increase indexation inflation influence Interest and Prices interest rates Jevons Keynes Keynesian London Marshall's matter Mill monetary economics monetary system monetary theory money rate monometallism natural rate neoclassical monetary nominal interest rates noted output period Pigou Power of Money precious metals price level purchasing power quantity of money quantity theory rate of interest relative price reprinted reserves rise role Silver Commission stability theoretical theorists theory of money transmission mechanism value of money variations Walras Wicksell Wicksell's italics Wicksellian