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Two Views of the Lender of Last Resort: Thornton and Bagehot

In: Macroeconomics in Retrospect

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Abstract

David Laidler is one of the leading scholars in the history of economic thought and macroeconomics. This important collection brings together nineteen of his essays on topics in the history of macroeconomics. It begins with a paper on Adam Smith and ends with a discussion of the implications of Newclassical economists’ ideas on the role of economic ideas in conditioning agents’ activities. Other chapters deal with the major themes developed by monetary economists in the intervening years. Two of the essays appear in their current form for the first time, and several others are reprinted from difficult-to-obtain sources. They should be of interest not just to historians of economic thought, but also to economists more generally.

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  • ., 2004. "Two Views of the Lender of Last Resort: Thornton and Bagehot," Chapters, in: Macroeconomics in Retrospect, chapter 3, pages 40-56, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:3082_3
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    Cited by:

    1. Skylar Brooks, 2024. "Central Bank Liquidity Policy in Modern Times," Discussion Papers 2024-06, Bank of Canada.
    2. Gazi I. Kara & Youngsuk Yook, 2023. "Policy Uncertainty and Bank Mortgage Credit," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 55(4), pages 783-823, June.

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    Economics and Finance;

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