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Books > History > History of specific subjects > Economic history
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The Development of Monetary Economics - A Modern Perspective on Monetary Controversies (Hardcover, illustrated edition)
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The Development of Monetary Economics - A Modern Perspective on Monetary Controversies (Hardcover, illustrated edition)
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The literature of monetary economics has been characterised by
controversy and changes in the received wisdom throughout its
history. The controversies have related not merely to the effects
on incomes and prices of changes in the money supply, but even to
the question of whether causality runs from money to incomes and
prices or vice versa. This book begins with the pioneering work of
the sixteenth century French writer Jean Bodin, followed by the
celebrated John Law, and John Locke (and his eighteenth century
critics). It considers both the theory and the evidence involved in
the controversy between the Currency and Banking schools. Closely
related to this was the work of two writers, Thomas Joplin and
Walter Bagehot, both of whom provided perspectives strikingly
different from those of the main controversialists and, in so
doing, advanced the subject of monetary economics. The book seeks,
through the examination of monetary controversies, to provide an
historical perspective on modern understanding of monetary policy.
It will be essential reading for economists with an interest in
monetary economics and the history of economic thought.
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