The controversy over the quantity theory of money / Edited with an introduction by Edwin Dean.
Material type: TextSeries: Studies in economicsPublication details: Boston, MA : Heath, 1965Description: xvi, 124 pages : illunstrations ; 23 cmSubject(s): DDC classification:- 332.414
- HG 221 .D295
Item type | Current library | Collection | Call number | Status | Date due | Barcode | |
---|---|---|---|---|---|---|---|
BOOKS | Niebyl-Proctor Marxist Library General Stacks | The Karl H. Niebyl Collection | HG 221 .D295 (Browse shelf(Opens below)) | Not For Loan | NPML20050029 |
This book contains many mathematical formulas.
Includes bibliographical references (pages 119-120)
I. The development of the quantity theory -- Introduction Essay on the nature of trade Richard Cantillon The purchasing power of money Irving Fisher The value of money A. C. Pigou
II. The attack on the quantity theory -- Introduction The general theory of employment, interest, and money John Maynard Keynes A guide to Keynes Alvin Hansen
III. The quantity theory in recent monetary thought -- Introduction The supply of money and changes in prices and output Milton Friedman Money, capital, and other stores of value James Tobin
Conclusion -- Suggestions for reading
"Economists have attempted for generations to answer a question that has puzzled businessmen, troubled government officials, and wrecked the best laid plans of consumers: what causes the increases and decreases -- sometimes of drastic proportions -- in the price level of goods and services? For centuries, most economists believed that the quantity theory of money correctly explains the causes of movements in the price level. Today several outstanding economists believe that the quantity theory is still the best approach to the problem. This volume is a study of the development and refinement of the quantity theory and also of the attacks to which it has been subjected." -- Introduction, page ix
Donation from Karl and Elizabeth Niebyl
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