Titlebook: Studies in the History of Monetary Theory; Controversies and Cl David Glasner Book 2021 The Editor(s) (if applicable) and The Author(s), un

GRIEF

Debt, Deflation, the Great Depression and the Gold Standard (with Ronald W. Batchelder)ubsequent Great Depression as well as that of Hawtrey and Cassel focusing on the attempt to restore the gold standard after World War I and increasing demand for gold following the sequential resumption of convertibility by central banks in during the 1920s.

虚度

Hayek, Deflation, Gold and Nihilismcovery. By 1935, Hayek’s attachment to the gold standard weakened, and he subsequently acknowledged that his opposition to monetary expansion to stabilize total spending had been mistaken and politically motivated.

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2662-6578 rtunate consequences for the subsequent development of monetary theory. The book is relevant to researchers, students, and policymakers interested in the history of economic thought, monetary theory, and monetary policy..978-3-030-83428-9978-3-030-83426-5Series ISSN 2662-6578 Series E-ISSN 2662-6586

Aerate

Introduction, of classical monetary theory and its influence on the subsequent development of monetary theory and macroeconomics and in part two on the contributions of Hawtrey, Keynes, and Hayek and their importance for the development of monetary theory and macroeconomics.

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蛰伏

On Some Classical Monetary Controversiesce-specie-flow mechanism (PSFM). These differences reappeared in the debates between the Banking School and the Currency School over Peel’s Bank Charter Act, the Banking School echoing Smith and the Currency-School echoing Hume. Smith’s theory of banking was also echoed by J. B. Say in his explainin

Heresy

The Real-Bills Doctrine in the Light of the Law of Reflux rule for individual banks to follow to remain liquid. The chapter argues that Adam Smith endorsed only the second interpretation, and that the motivation for Smith to endorse the real-bills doctrine was his belief that banks were subject to what John Fullarton would later call the law of reflux. Th

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侵蚀

Monetary Disequilibrium and the Demand for Money in Ricardo and Thorntonas suspended during the Napoleonic Wars. Ricardo held that only overissue by the Bank of England could have caused depreciation of sterling while Thornton believed that other causes, like a bad harvest, could also cause depreciation. Applying the conditions of international commodity arbitrage under

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