The Golden Age of the Quantity Theory

David E.W. Laidler

Published by Princeton University Press 1991

The Golden Age of the Quantity Theory

David E.W. Laidler

Volume 171 in the series Princeton Legacy Library

https://doi.org/10.1515/9781400862481

Overview
Contents

About this book

How did neoclassical monetary economics, as epitomized by the work of Fisher, Wicksell, and the Cambridge School, evolve from the classical orthodoxy that dominated economics in the 1870s? To answer this question, David Laidler considers the interaction of theoretical developments with contemporary policy debates about bimetallism and the evolution of the gold exchange standard. He argues that neoclassical monetary economics, in which the quantity theory of money played a central role, laid the intellectual groundwork for the replacement of the gold standard by various managed monetary systems in the years following World War I. Laidler is one of the world's foremost experts on monetary economics, and this book provides an illuminating account and analysis of one of the most important periods in the development of that field. Scholars of the history of economic thought and all monetary economists will find that The Golden Age of the Quantity Theory is the most systematic treatment of the development of monetary economics between 1870 and 1914 currently available.

Originally published in 1991.

The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

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Frontmatter Publicly Available Download PDF	i
Contents Publicly Available Download PDF	vii
Preface Requires Authentication Unlicensed Licensed Download PDF	xi
Acknowledgements Requires Authentication Unlicensed Licensed Download PDF	xv
1. An overview Requires Authentication Unlicensed Licensed Download PDF	1
2. The orthodoxy of the 1870s Requires Authentication Unlicensed Licensed Download PDF	7
3. The neoclassical theory of the price level: the Cambridge School and Fisher Requires Authentication Unlicensed Licensed Download PDF	49
4. The monetary element in neoclassical cycle theory Requires Authentication Unlicensed Licensed Download PDF	89
5. Wicksell and the quantity theory Requires Authentication Unlicensed Licensed Download PDF	119
6. Neoclassical monetary theory and monetary institutions Requires Authentication Unlicensed Licensed Download PDF	153
7. A summing up Requires Authentication Unlicensed Licensed Download PDF	193
References Requires Authentication Unlicensed Licensed Download PDF	201
Name Index Requires Authentication Unlicensed Licensed Download PDF	213
Subject Index Requires Authentication Unlicensed Licensed Download PDF	217

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