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Studies in the History of Monetary Theory - Controversies and Clarifications (Hardcover, 1st ed. 2021)
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Studies in the History of Monetary Theory - Controversies and Clarifications (Hardcover, 1st ed. 2021)
Series: Palgrave Studies in the History of Economic Thought
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Total price: R1,704
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This book presents an alternative approach to monetary theory that
differs from the General Theory of Keynes, the Monetarism of
Friedman, and the New Classicism of Lucas. Particular attention is
given to the work of Hawtrey and his analysis of financial crises
and his explanation of the Great Depression. The unduly neglected
monetary theory of Hawtrey is examined in the context of his
contemporaries Keynes and Hayek and the subsequent contributions of
Friedman and of the Monetary Approach to the Balance of Payments.
Studies in the History of Monetary Theory aims to highlight the
misunderstandings of the quantity theory and the price-specie-flow
mechanism and to explain their unfortunate consequences for the
subsequent development of monetary theory. The book is relevant to
researchers, students, and policymakers interested in the history
of economic thought, monetary theory, and monetary policy.
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