Studies In The History Of Monetary Theory

Author : David Glasner
Publisher : Springer Nature
Page : 521 pages
File Size : 40,9 Mb
Release : 2021-11-01
Category : Business & Economics
ISBN : 9783030834265

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Studies in the History of Monetary Theory by David Glasner Pdf

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.

Author : Filippo Cesarano
Publisher : Routledge
Page : 256 pages
File Size : 47,6 Mb
Release : 2012-08-06
Category : Business & Economics
ISBN : 9781134098668

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Monetary Theory in Retrospect by Filippo Cesarano Pdf

An objective and perceptive account of the literature of monetary theory, this volume, by a central banker who has studied monetary theory over the last quarter of a century, clearly shows how its inherent complexity is much enriched by the study of its history. In three parts Filippo Cesarano: focuses on the innovative ideas of distinguished economists who anticipated modern theories, elaborating on them along lines that suggest original research programmes examines the impact of expectations on the effectiveness of monetary policy, illustrating how different assumptions within the classical paradigm lead to diverse hypotheses and policy design investigates the role of monetary theory in shaping monetary institutions. Deserving of a wide readership among both academic economists and monetary policy practitioners, this collection of essays is key reading for students and researchers engaged with monetary theory and the history of economics and policy makers seeking to weigh up the assumptions underlying different theories in order to select the models best suited to the problems they face.

Author : Erik Lindahl
Publisher : Routledge
Page : 385 pages
File Size : 52,8 Mb
Release : 2018-10-17
Category : Capital
ISBN : 1138215694

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Studies in the Theory of Money and Capital by Erik Lindahl Pdf

It is well-known that the Swedish experiment in practical economic control was inspired by a simultaneous development of economic thought in Sweden. Despite Swedish economics being known globally, until this book was originally published in 1939 there was little except second-hand descriptions of what the Swedes were really saying. This volume remedied that and explained hitherto hidden contemporary Swedish monetary theory.

Author : Ludwig Von Mises
Publisher : Ludwig von Mises Institute
Page : 507 pages
File Size : 52,6 Mb
Release : 1953
Category : Credit
ISBN : 9781610163224

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The Theory of Money and Credit by Ludwig Von Mises Pdf

Author : Sasan Fayazmanesh
Publisher : Routledge
Page : 282 pages
File Size : 44,6 Mb
Release : 2006-09-27
Category : Business & Economics
ISBN : 9781134423187

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Money and Exchange by Sasan Fayazmanesh Pdf

Whether a theoretical system is realistic or not has been a concern in economics, particularly in monetary theory, over the past century. Following John R. Hicks’ proposal that a realistic monetary theory could be constructed along an evolutionary path, starting with the workings of a real market, this volume considers whether we can look to the medieval economy as the point of departure. Drawing upon the work of Aristotle, scholastic economists, Adam Smith, Karl Marx, William Stanley Jevons, Léon Walras and many modern monetary theorists, this intriguing book provides a critical analysis of some basic theories of monetary analysis. Concentrating primarily on certain fundamental building blocks it covers: the theory and mathematical properties of barter and monetary relations the distinction between barter and monetary relations and money and non-money commodities the concept of exchange as an equation, and the notion of the exchange relation as a relation of equality. This groundbreaking study dispels some of the old myths and conjectures concerning money and exchange and opens up the way for the development of new approaches, both realistic and evolutionary, of interest to researchers and students of the history of monetary theory and economic thought.

Author : Costas Lapavitsas
Publisher : BRILL
Page : 331 pages
File Size : 44,6 Mb
Release : 2016-11-21
Category : Political Science
ISBN : 9789004272712

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Marxist Monetary Theory by Costas Lapavitsas Pdf

The work of Costas Lapavitsas on money and finance develops Marxist monetary theory offering fresh insight into contemporary capitalism. It is fully conversant with the history of political economy, mainstream economic theory and the empirical reality of financialisation.

Author : Peter Bernholz,Roland Vaubel
Publisher : Springer
Page : 366 pages
File Size : 52,8 Mb
Release : 2014-06-26
Category : Business & Economics
ISBN : 9783319061092

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Explaining Monetary and Financial Innovation by Peter Bernholz,Roland Vaubel Pdf

This book discusses theories of monetary and financial innovation and applies them to key monetary and financial innovations in history – starting with the use of silver bars in Mesopotamia and ending with the emergence of the Eurodollar market in London. The key monetary innovations are coinage (Asia minor, China, India), the payment of interest on loans, the bill of exchange and deposit banking (Venice, Antwerp, Amsterdam, London). The main financial innovation is the emergence of bond markets (also starting in Venice). Episodes of innovation are contrasted with relatively stagnant environments (the Persian Empire, the Roman Empire, the Spanish Empire). The comparisons suggest that small, open and competing jurisdictions have been more innovative than large empires – as has been suggested by David Hume in 1742.

Author : Dirk H. Ehnts
Publisher : Routledge
Page : 239 pages
File Size : 55,9 Mb
Release : 2016-10-14
Category : Business & Economics
ISBN : 9781317224792

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Modern Monetary Theory and European Macroeconomics by Dirk H. Ehnts Pdf

This book provides a new methodological approach to money and macroeconomics. Realizing that the abstract equilibrium models lacked descriptions of fundamental issues of a modern monetary economy, the focus of this book lies on the (stylized) balance sheets of the main actors. Money, after all, is born on the balance sheets of the central bank or commercial bank. While households and firms hold accounts at banks with deposits, banks hold an account at the central bank where deposits are called reserves. The book aims to explain how the two monetary circuits – central bank deposits and bank deposits – are intertwined. It is also shown how government spending injects money into the economy. Modern Monetary Theory and European Macroeconomics covers both the general case and then the Eurozone specifically. A very simple macroeconomic model follows which explains the major accounting identities of macroeconomics. Using this new methodology, the Eurozone crisis is examined from a fresh perspective. It turns out that not government debt but the stagnation of private sector debt was the major economic problem and that cuts in government spending worsened the economic situation. The concluding chapters discuss what a solution to the current problems of the Eurozone must look like, with scenarios that examine a future with and without a euro. This book provides a detailed balance sheet view of monetary and fiscal operations, with a focus on the Eurozone economy. Students, policy-makers and financial market actors will learn to assess the institutional processes that underpin a modern monetary economy, in times of boom and in times of bust.

Author : Ghislain Deleplace
Publisher : Routledge
Page : 288 pages
File Size : 51,6 Mb
Release : 2017-04-07
Category : Business & Economics
ISBN : 9781351801959

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Ricardo on Money by Ghislain Deleplace Pdf

Despite his achievements, David Ricardo’s views on money have often been misunderstood and underappreciated. His advanced ideas had to wait until the twentieth century to be applied, and most historians of economic thought continue to consider him as an obsolete orthodox. The last book devoted in tribute to Ricardo as a monetary economist was published more than 25 years ago. Ricardo on Money encompasses the whole of Ricardo’s writings on currency, whether in print, unpublished notes, correspondence, or reported parliamentary speeches and evidence. The aim of the book is at rehabilitating Ricardo as an unorthodox theorist on money and suggesting his relevance for modern analysis. It is divided into three parts: history, theory and policy. The first describes the factual and intellectual context of Ricardo’s monetary writings. The second part puts the concept of standard centre stage and clarifies how, according to Ricardo, the standard regulated the quantity – and hence the value – of money. The final part shows that Ricardo relied on the active management of paper money rather than on flows of bullion and commodities to produce international adjustment and guarantee the security of the monetary system. Published to coincide with the 200th anniversary of the publication of On the Principles of Political Economy, and Taxation, this book will be of great interest to all historians of economic thought and scholars of monetary economics.

Author : Filippo Cesarano
Publisher : Cambridge University Press
Page : 5 pages
File Size : 49,8 Mb
Release : 2006-09-04
Category : Business & Economics
ISBN : 9781139459174

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Monetary Theory and Bretton Woods by Filippo Cesarano Pdf

Over the twentieth century monetary theory played a crucial role in the evolution of the international monetary system. The severe shocks and monetary gyrations of the interwar years interacted with theoretical developments that superseded the rigid rules of commodity standards and led to the full-fledged conception of monetary policy. The definitive demise of the gold standard then paved the way for monetary reconstruction. Monetary theory was a decisive factor in the design of the reform proposals, in the Bretton Woods negotiations, and in forging the new monetary order. The Bretton Woods system - successful but nevertheless short-lived - suffered from latent inconsistencies, both analytical and institutional, which fatally undermined the foundations of the postwar monetary architecture and brought about the epochal transition from commodity money to fiat money.

Author : Charles Rist
Publisher : Routledge
Page : 571 pages
File Size : 45,7 Mb
Release : 2016-11-10
Category : Business & Economics
ISBN : 9781315440941

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History of Monetary and Credit Theory by Charles Rist Pdf

Originally published in 1940, this book traces the development of theories concerning currency and credit from the beginning of the eighteenth century to the middle of the twentieth. It provides a comprehensive account of the political and economic conditions in which the theories and controversies arose, with the result that the work has become a classic in its field.

Author : Heiner Ganßmann
Publisher : Routledge
Page : 486 pages
File Size : 55,7 Mb
Release : 2012-03-12
Category : Business & Economics
ISBN : 9781136820120

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New Approaches to Monetary Theory by Heiner Ganßmann Pdf

Everybody uses money every day, but we rarely stop to think about how money works. In this book, scholars from different disciplines seek to answer that question; from historians to economists, sociologists, a philosopher and a physicist. Money works as a social construction because we have mutual expectations that support its use – despite the seeming irrationality of trading valuable things or doing strenuous work for pieces of paper or numbers in accounts. Recently, there has been a revival of interest in monetary theory, not least because the impacts of globalizing markets and of new communication and information technologies have changed the forms of money. The deep crisis of the financial system has demonstrated the importance of a functioning monetary system and although renewed interest in this has led to significant contributions in various fields, it remains true that no social science discipline on its own is sufficiently equipped to explain the basic workings of monetary systems, their rapid innovation and their effects on social, economic and political structures. The contributors to this book report on their latest research on the origins of money, on the nature of monetary transactions, on money and the state, and on the role of money and finance in the recent global crisis. They show how established theories of money and the policies guided by these theories went wrong. This collection will be a valuable resource for students and researchers seeking a deeper understanding of money.

Author : Martín de Azpilcueta,Luis de Molina,Juan de Mariana (S.I.)
Publisher : Unknown
Page : 412 pages
File Size : 53,8 Mb
Release : 2007
Category : Business & Economics
ISBN : STANFORD:36105124091278

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Sourcebook in Late-scholastic Monetary Theory by Martín de Azpilcueta,Luis de Molina,Juan de Mariana (S.I.) Pdf

The Sourcebook is a thematically unified collection of seminal texts in the history of economics on the topic of money and exchange relations (cambium)--its nature, purpose, value, and relationship to justice and morality in financial transactions--within the tradition of late-scholastic commercial ethics.

Author : Faruk Ülgen,Ramon Tortajada,Matthieu Méaulle,Rémi Stellian
Publisher : Routledge
Page : 294 pages
File Size : 51,7 Mb
Release : 2013-08-21
Category : Business & Economics
ISBN : 9781135902919

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New Contributions to Monetary Analysis by Faruk Ülgen,Ramon Tortajada,Matthieu Méaulle,Rémi Stellian Pdf

This book sheds light on some of the most recent developments in monetary analysis which offer a theoretical framework for a renewed monetary approach and related policy extensions. It points to recent research on what a consistent and broad-scope monetary theory could be based in the twenty-first century. It highlights new interpretations of monetary theory as put forth by some leading economists since the eighteenth century and new developments in the analysis of current monetary issues.

Author : Barry J. Eichengreen,Marc Flandreau
Publisher : Psychology Press
Page : 354 pages
File Size : 45,8 Mb
Release : 1997
Category : Business & Economics
ISBN : 0415150604

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The Gold Standard in Theory and History by Barry J. Eichengreen,Marc Flandreau Pdf

Since the first edition, published in 1985, much new research has been completed. This updated version includes five new essays, including a new introduction by Eichengreen and a discussion of the gold standard and the EU monetary debate.