Download or read book Thomas Tooke and the Monetary Thought of Classical Economics written by Matthew Smith and published by Taylor & Francis. This book was released on 2011-03-07 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this book is to provide a comprehensive account and reconsideration of the contribution to political economy of Thomas Tooke (1774-1858), classical economist and influential monetary theorist. Its chief purpose is to examine Tooke’s contributions to political economy with the aim of bringing to light its unified nature and its important legacy to contemporary economics. In doing so the book aims to throw new light on monetary analysis within the framework of classical economics. There remains no comprehensive account of Tooke’s contributions that is concerned with showing his lasting and ongoing influence on the development of monetary thought. The book provides an interpretation and analytical study of Tooke’s political economy from the standpoint of the classical tradition. This enables a demonstration of how his constructive contribution throws a new light on monetary thought in this tradition.
Download or read book Thomas Tooke and Classical Monetary Economics written by Matthew Luke Smith and published by . This book was released on 1999 with total page 654 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Monetary Thought of Thomas Tooke written by Matthew Smith and published by . This book was released on 1994 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book On Interest and Profit written by Matthew Smith and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper argues that Thomas Tooke's (1773-1858) most important legacy to economics is not his conception of quot;endogenous moneyquot;, however important, but is instead his original proposition that the long-run quot;averagequot; rate of interest entered into the normal cost of production and, therefore, the normal prices of commodities, reflecting the notion that the interest rate systematically governs the normal rate of profit. The paper shows that this conception of an quot;autonomousquot; rate of interest advanced by Tooke contributes to overcoming the long-run neutrality of monetary forces which has traditionally characterized economic theory within the framework of quot;modernquot; classical analysis.
Download or read book Research Report written by Arie Arnon and published by . This book was released on 1981 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Evolution of Economic Ideas written by Phyllis Deane and published by Cambridge University Press. This book was released on 1978-10-05 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: An introduction to the history of economics for undergraduate students. Puts some of the current theoretical controversies into long-term perspective by tracing their historical antecedents and parallels.
Download or read book Thomas Tooke and the Monetary Thought of Classical Economics written by Matthew Smith and published by Routledge. This book was released on 2011-03-07 with total page 365 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this book is to provide a comprehensive account and reconsideration of the contribution to political economy of Thomas Tooke (1774-1858), classical economist and influential monetary theorist. Its chief purpose is to examine Tooke’s contributions to political economy with the aim of bringing to light its unified nature and its important legacy to contemporary economics. In doing so the book aims to throw new light on monetary analysis within the framework of classical economics. There remains no comprehensive account of Tooke’s contributions that is concerned with showing his lasting and ongoing influence on the development of monetary thought. The book provides an interpretation and analytical study of Tooke’s political economy from the standpoint of the classical tradition. This enables a demonstration of how his constructive contribution throws a new light on monetary thought in this tradition.
Download or read book Classical Economics Keynes and Money written by John Eatwell and published by Taylor & Francis. This book was released on 2022-07-29 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: Classical Economics, Keynes and Money casts new light on an approach to economic theory and policy that combines the modern classical theory of prices and income distribution with a Keynesian analysis of money and finance. Structured in four parts, the work considers issues within classical economics, monetary economics, Keynesian and post-Keynesian Economics, rationality and economic methodology. These themes are all central to the work of Carlo Panico, and the chapters both reflect on and build on his key contributions to the field. This collection is of interest to advanced students and researchers in the history of economic thought, monetary theory, financial economics and heterodox economics.
Download or read book Endogenous Money Interest and Prices written by and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In the 1840s Thomas Tooke (1774-1858) developed novel monetary principles which formed the basis of the Banking School position. This article provides a systematic account of Tooke's banking school theory, central to which was his conception of 'endogenous money' and the causal relationship between the rate of interest, spending, and the price level. It is shown that in the context of 19th-century classical economics Tooke's banking school theory is much more coherent than has so far been appreciated in the literature. Indeed, it can be, and is, argued that Tooke's theory was a constructive alternative to the classicals' quantity theory of money.
Download or read book Classical Economics Reconsidered written by Thomas Sowell and published by Princeton University Press. This book was released on 1994 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt: This reconsideration of the macroeconomics, microeconomics, methodology, and social philosophy of the classical economists has been a small gem on the history of economic thought, written in a way accessible to students, while having much to teach scholars. The reissue of this book twenty years after its original publication is a tribute to the enduring relevance of the questions raised during the formative period of economics and to the skill with which the author analyzes them.
Download or read book Aspects of Thomas Tooke s Contribution to Monetary Theory written by Arie Arnon and published by . This book was released on 1980 with total page 546 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Debates in Macroeconomics from the Great Depression to the Long Recession written by Arie Arnon and published by Springer Nature. This book was released on 2022-05-06 with total page 325 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book assesses major schools of thought in macroeconomic theory between the Great Depression and the Long Recession, focusing on their analysis of cycles, crises and macro-policy. It explores the road from the dominance of Keynesian ideas to those of New Classical Macroeconomics (NCM) toward the end of the millennium. The book covers the early influential work of Knut Wicksell; the economic debates of the 1930s, with core contributions from John Maynard Keynes and Friedrich von Hayek; the rise of Keynesianism in the 1950s and its decline since the 1970s; the rise of Monetarism in the 1960s; and NCM’s subsequent rise to prominence. Finally, the book outlines how macroeconomics has evolved from its birth in the 1930s as a theory separate from microeconomics, resulting in a split between macro- and micro-theories, and ended up with a new hegemonic paradigm based on microfoundations. The ensuing policy thinking witnessed a transformation from "active" macro-policy after the Great Depression to a far more "passive" macro-policy during the last quarter of the twentieth century, which may have contributed to missing the signs of the impending Long Recession of 2008. “When the 2008 crisis struck, macroeconomists were caught with models that were theoretically elegant yet inappropriate to the needs of the moment. A broader historical perspective may have prevented the jettisoning of Keynesian models that had proved useful in the past and might have done so again. This highly readable book by Arie Arnon is a wonderful antidote to economists’ short time horizon and contributes mightily to restore the profession’s “collective memory” of the diversity of ideas within macroeconomics.” Professor Dani Rodrik, Harvard Kennedy School
Download or read book A Survey of Thomas Tooke s Contributions to Political Economy written by Matthew Smith and published by . This book was released on 2007 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The leading theorist of the banking school, the main author of the monumental six-volume History of Prices (1838-1857) and the author of the brilliant pamphlet, An Inquiry into the Currency Principle (1844), Thomas Tooke (1774-1858) can be rightfully counted among the most prominent figures in English nineteenth-century monetary thought. Aside from an impressive number of writings, Tooke gave evidence to ten parliamentary committees concerned with various economic policy issues between 1819 and 1848. But despite Tooke's considerable contribution, the literature is bereft of a comprehensive survey of his life and work. This paper endeavours partially to fill this void in the literature, by providing a biographical sketch of Tooke together with a chronological survey of all his contributions to political economy. In particular, the paper shows how most of Tooke's writings were motivated by debates over economic policy issues.
Download or read book Great Economic Thinkers from the Classicals to the Moderns written by Bertram Schefold and published by Routledge. This book was released on 2016-12-01 with total page 883 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the opus magnum of one of the world’s most renowned experts on the history of economic thought, Bertram Schefold. It contains commentaries from the series Klassiker der Nationalökonomie (Classics of Economics), which have been translated into English for the first time. Schefold’s choices of authors for this series, which he has edited since 1991, and his comments on the various re-edited works, are proof of his highly original and thought-provoking interpretation of the history of economic thought. Together with a companion volume, Great Economic Thinkers from Antiquity to the Historical School: Translations from the series Klassiker der Nationalökonomie, this book is a collection of English translations with introductions by Bertram Schefold. The emphasis of this volume is on the theoretical debates, from the theory of value to imperfect completion; from money to the institutional framework of society; and from the history of economic thought to pioneering works in mathematical economics. This volume is an important contribution to the history of economic thought, not only because it delivers original and fresh insights about well-known figures, such as Marx, Stackelberg, Sraffa, Samuelson, Tooke, Hilferding, Schmoller and Chayanov, but also because it deals with ideas and authors who have been forgotten or neglected in previous literature. This volume is of great interest to those who study the history of economic thought, economic theory and philosophy, as well as those who enjoyed the author’s previous volume, Great Economic Thinkers from Antiquity to the Historical School.
Download or read book Thomas Tooke written by Arie Arnon and published by University of Michigan Press. This book was released on 1991 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: The only comprehensive modern treatment of the work and thought of Thomas Tooke
Download or read book A History of Economic Theory and Method written by Robert B. Ekelund, Jr. and published by Waveland Press. This book was released on 2013-08-30 with total page 753 pages. Available in PDF, EPUB and Kindle. Book excerpt: Known for its clarity, comprehensiveness, and balance, the latest edition of A History of Economic Theory and Method continues that tradition of excellence. Ekelund and Hébert’s survey provides historical and international contexts for how economic models have served social needs throughout the centuries—beginning with the ancient Greeks through the present time. The authors not only trace ideas that have persisted but skillfully demonstrate that past, discredited ideas also have a way of spawning critical thinking and encouraging new directions in economic analysis. Coverage that distinguishes the Sixth Edition from its predecessors includes a detailed analysis of economic solutions by John Stuart Mill and Edwin Chadwick to problems raised by the Industrial Revolution; the role of psychology and “experiments” in understanding demand and consumer behavior; discussions of modern economic theory as it interrelates with other social sciences; and a close look at the historical development of the critical role of entrepreneurship, both in its productive and unproductive variants. The authors’ creative approach gives readers a feel for the thought processes of the great minds in economics and underscores key ideas impacting contemporary thought and practice. Well-crafted discussions are further enriched by absorbing examples and figures. Thorough suggested reading lists give options for more in-depth explorations by interested readers.
Download or read book The Theory of Money and Credit written by Ludwig Von Mises and published by Ludwig von Mises Institute. This book was released on 1953 with total page 507 pages. Available in PDF, EPUB and Kindle. Book excerpt:
