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Mehrling the money interest and the public interest; american monetary thought, 1920 1970 (1997)

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Mehrling the money interest and the public interest; american monetary thought, 1920 1970 (1997)

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... between the quantity theory of money on the one hand, which was associated with Populism and the borrowers' interest in inflation, and the anti-quantity theory of money on the other hand, which... were interested in aligning the money interest with the public interest, and to so they had to understand how money works Suggesting ways to improve the operation of the monetary system, their... determines the value of money? The answer in the quantity theoretic tradition is, The quantity of money Double the quantity of money, whether that money be gold coin or paper, and you halve the value

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Xem thêm: Mehrling the money interest and the public interest; american monetary thought, 1920 1970 (1997) , Richard 1. Elv and Esiqlish Political Economy 19, J. Laurence Lauijhlin versus the Quantity Theory 33, John B. Canning and Ralph Hawtrev 166

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Mục lục

  • Pretacc ix

  • Acknowledgments xiii

  • Introduction 1

  • 1. Intellectual Formation 13

  • Richard 1. Elv and Esiqlish Political Economy 19

  • John hetn'evand the Lngic of'Scientifc Inquiry 24

  • Economic Theory and Statistics 28

  • 2. Early Monetary Ideas .31

  • J. Laurence Lauijhlin versus the Quantity Theory 33

  • Irivinrq Fisher and the Quantity Theory 39

  • 3. War and Reconstruction 46

  • War Finance aitd Monetary I

  • Tlie Monetary Standard 54

  • Why Gold? 57

  • 4. Monetary Management in the Twenties 62

  • Index Numbers and Price Stabilization 66

  • Production and Speculation 69

  • Ralph Hawtrev and the Control of'Business Cycles 72

  • 77

  • 5. Intellectual Formation 85

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