Studies in the classical theories of money / [by] Karl H. Niebyl.

First published : New York, Columbia University Press, 1946.

Includes bibliographical references (pages 165-177) and index.

Part I. The function of money in early industrial society : 1. Methodological introduction -- 2. The developing necessity for a monetary standard -- 3. The genesis of banking -- 4. The quantity doctrine of bullionism

Part II. The formulation of the classical quantity theory : 5. The issues in the bullion controversy -- 6. The theory of inflation -- 7. The economic setting of deflation -- 8. The theory of deflation -- 9. The quantity theory of money -- 10. Some conclusions on the classical quantity theory of money.

The author states "that only a historical and material analysis of monetary theoretical thinking [can] help to dispel the veil that 'received doctrine' was spreading over current events. On the basis of such an analysis--the major historical part of which is presented here...the author...argues that the concept of inflation has a historical content subject to qualitative change, the understanding of which invalidates for the conditions of the present most, if not all, the judgments traditionally implied in it." -- From the preface.