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Salamancans and Gerard Malynes

In: Essays in Economic History

Author

Listed:
  • Lawrence H. Officer

    (University of Illinois at Chicago)

Abstract

The Salamancan scholars, in Spain, and Gerard Malynes, in England, were each interpreted by divergent later writers as originator of the purchasing-power-parity [PPP] theory. The Salamancans are the victors, for two reasons. First, they wrote their pertinent treatises prior to Malynes’ work on the topic. Second, the best of the Salamancans present a complete model of PPP, whereas Malynes has only the ingredients of the theory and does not put them together. In neglecting to draw the logical conclusions from his analysis, he leaves the Salamancans to stand alone as the first expositors of an integrated PPP theory.

Suggested Citation

  • Lawrence H. Officer, 2022. "Salamancans and Gerard Malynes," Springer Books, in: Essays in Economic History, chapter 0, pages 3-13, Springer.
  • Handle: RePEc:spr:sprchp:978-3-030-95925-8_1
    DOI: 10.1007/978-3-030-95925-8_1
    as

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