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The reception of Fisher's Purchasing Power of Money in England

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  • Sylvie Diatkine

Abstract

This article will describe the critical reception of Fisher's book by the Cambrige authors. First, we will begin with a description of the relationship between Fisher (1911) and the British Monetary Orthodoxy. Next, we shall examine the relationship between Fisher (1911) and the Cambridge School and Hawtrey. This will lead into a study of Keynes’ comments on Fisher (1911). We shall show that all referred positively to Fisher. However, they were also critical of Fisher's method and this was to contribute, in turn, to making their own analyses more precise, in particular regarding the role of credit.

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  • Sylvie Diatkine, 2013. "The reception of Fisher's Purchasing Power of Money in England," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 20(2), pages 238-260, April.
    • Handle: RePEc:taf:eujhet:v:20:y:2013:i:2:p:238-260
    DOI: 10.1080/09672567.2012.758758
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    1. Laidler, David, 1988. "Alfred Marshall And The Development Of Monetary Economics," University of Western Ontario, Departmental Research Report Series 8809, University of Western Ontario, Department of Economics.
    2. Wagner, Alfred, 1891. "Marshall's Principles of Economics," History of Economic Thought Articles, McMaster University Archive for the History of Economic Thought, vol. 5, pages 319-338.
    3. Thomas M. Humphrey, 1993. "Money, Banking and Inflation," Books, Edward Elgar Publishing, number 236.
    4. Bhatia, Kul B., 1988. "Tax incidence in a hierarchical model," Journal of Public Economics, Elsevier, vol. 37(2), pages 221-242, November.
    5. Bindseil, Ulrich, 2004. "Monetary Policy Implementation: Theory, past, and present," OUP Catalogue, Oxford University Press, number 9780199274543.
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