000			03767nam a2200409 i 4500
001			CR9780511921384
003			UkCbUP
005			20240913170033.0
006			m|||||o||d||||||||
007			cr||||||||||||
008			100927s2011||||enk o ||1 0|eng|d
020			_a9780511921384 (ebook)
020			_z9780521191135 (hardback)
020			_z9781107642737 (paperback)
040			_aUkCbUP _beng _erda _cUkCbUP
050	0	0	_aHG230.3 _b.A684 2011
082	0	0	_a339.5/3 _222
100	1		_aArnon, Arie, _eauthor.
245	1	0	_aMonetary theory and policy from Hume and Smith to Wicksell : _bmoney, credit, and the economy / _cArie Arnon.
246	3		_aMonetary Theory & Policy from Hume & Smith to Wicksell
264		1	_aCambridge : _bCambridge University Press, _c2011.
300			_a1 online resource (xxii, 424 pages) : _bdigital, PDF file(s).
336			_atext _btxt _2rdacontent
337			_acomputer _bc _2rdamedia
338			_aonline resource _bcr _2rdacarrier
490	1		_aHistorical perspectives on modern economics
500			_aTitle from publisher's bibliographic system (viewed on 05 Oct 2015).
505	0		_aPart I. Analytical and Historical Foundations: 1. Monetary theory circa 1750: David Hume; 2. Mid eighteeth-century British financial system; 3. Adam Smith: the case for laissez-faire in money and banking; 4. 'Monetary theories of credit' in exchange -- Part II. Debating Monetary Theory under Inconvertibility: 5. New reality: the restriction period 1797-1821; 6. The early round of the Buillion Debate, 1800-1802: Boyd versus Baring; 7. Thornton on inconvertibility and central banking: ahead of his times; 8. Ricardo versus Bosanquet: the famous round in the Bullion debate; 9. 'Credit theories of money' in exchange and intermediation -- Part III. Debating: Laissez-Faire, Rules and Discretion: 10. From the resumption to 1837: more crises; 11. The currency school trio: Loyd, Torrens, and Norman; 12. The banking school trio: Tooke, Fullarton, and Wilson; 13. Neither currency nor banking school: Joplin and the "free banking" Parnell -- Part IV. The Road to Defensive Central Banking: 14. Bagehot and a new conventional wisdom; 15. Does Karl Marx fit in?; 16. Marshall's (oral) monetary tradition and bimetallism -- Part V.A New Beginning: Towards Active Central Banking: 17. Wicksell's innovative monetary theory and policy; 18. The puzzling slow rise of a theory of central banking: between the lender of last resort, defensive, and active monetary policy.
520			_aThis book provides a comprehensive survey of the major developments in monetary theory and policy from David Hume and Adam Smith to Walter Bagehot and Knut Wicksell. In particular, it seeks to explain why it took so long for a theory of central banking to penetrate mainstream thought. The book investigates how major monetary theorists understood the roles of the invisible and visible hands in money, credit and banking; what they thought about rules and discretion and the role played by commodity-money in their conceptualizations; whether or not they distinguished between the two different roles carried out via the financial system - making payments efficiently within the exchange process and facilitating intermediation in the capital market; how they perceived the influence of the monetary system on macroeconomic aggregates such as the price level, output and accumulation of wealth; and finally, what they thought about monetary policy.
650		0	_aMonetary policy _xHistory.
650		0	_aBanks and banking, Central _xHistory.
650		0	_aEconomists.
776	0	8	_iPrint version: _z9780521191135
830		0	_aHistorical perspectives on modern economics.
856	4	0	_uhttps://doi.org/10.1017/CBO9780511921384
942			_2ddc _cEB
999			_c9011 _d9011