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An Overview

In: The Golden Age of the Quantity Theory

Author

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  • David E.W. Laidler

Abstract

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. 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.

Suggested Citation

  • David E.W. Laidler, 1991. "An Overview," Introductory Chapters, in: The Golden Age of the Quantity Theory, Princeton University Press.
    • Handle: RePEc:pup:chapts:4959-1
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    Cited by:

    1. Yin, Xiangkang & Zuscovitch, Ehud, 1998. "Is firm size conducive to R&D choice? A strategic analysis of product and process innovations," Journal of Economic Behavior & Organization, Elsevier, vol. 35(2), pages 243-262, April.
    2. Garcia, Marissa C. & Lee, Donna J., 1998. "Public Forest Resource Management In The Philippines: Timber Production, Externalities, And Agricultural Expansion," 1998 Annual meeting, August 2-5, Salt Lake City, UT 20972, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    3. Brian O'Reilly, 1998. "The Benefits of Low Inflation: Taking Shock "A nickel ain't worth a dime any more" [Yogi Berra]," Technical Reports 83, Bank of Canada.
    4. von Amsberg, Joachim & DEC, 1994. "Economic parameters of deforestation," Policy Research Working Paper Series 1350, The World Bank.
    5. Mundell, Robert A., 1991. "De la surévaluation du dollar canadien," L'Actualité Economique, Société Canadienne de Science Economique, vol. 67(1), pages 5-36, mars.
    6. Carl E. Walsh, 1993. "What caused the 1990-1991 recession?," Economic Review, Federal Reserve Bank of San Francisco, pages 33-48.
    7. Garcia, Marissa C. & Lee, Donna J., 1997. "Forest Resource Management and Alternative Incentive Mechanisms: Controlling Deforestation in the Philippines," 1997 Annual Meeting, July 13-16, 1997, Reno\ Sparks, Nevada 35849, Western Agricultural Economics Association.
    8. Ando, Amy, 1997. "The Price-Elasticity of Stumpage Sales from Federal Forests," RFF Working Paper Series dp-98-06, Resources for the Future.

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