The Golden Age of the Quantity Theory The Development of Neoclassical Monetary Economics 1870 1914 1st Edition by David Laidler ISBN 978-0691632667 0691632669
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Product details:
ISBN 10: 0691632669
ISBN 13: 978-0691632667
Author: David E.W. Laidler
How did neoclassical monetary economics, as epitomized by the work of Fisher, Wicksell, and the Cambridge School, evolve from the classical orthodoxy that dominated economics in the 1870s? To answer this question, David Laidler considers the interaction of theoretical developments with contemporary policy debates about bimetallism and the evolution of the gold exchange standard. He argues that neoclassical monetary economics, in which the quantity theory of money played a central role, laid the intellectual groundwork for the replacement of the gold standard by various managed monetary systems in the years following World War I. Laidler is one of the world’s foremost experts on monetary economics, and this book provides an illuminating account and analysis of one of the most important periods in the development of that field. Scholars of the history of economic thought and all monetary economists will find that The Golden Age of the Quantity Theory is the most systematic treatment of the development of monetary economics between 1870 and 1914 currently available.
Originally published in 1991.
The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
Table of contents:
1: An Overview
2: The Orthodoxy of the 1870s
3: The Neoclassical Theory of the Price Level: The Cambridge School and Fisher
4: The Monetary Element in Neoclassical Cycle Theory
5: Wicksell and the Quantity Theory
6: Neoclassical Monetary Theory and Monetary Institutions
7: A Summing Up
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Tags: David Laidler, The Golden, the Quantity, The Development