Avec Exploring Economics, nous renforçons une science économique plurielle et des approches économiques alternatives.
Malheureusement, nous manquons d'argent. Nous avons actuellement un déficit de financement de 30 000 €.
Avec une petite contribution, tu peux aider Exploring Economics à rester en ligne. Merci!
Nous sommes une organisation à but non lucratif enregistrée | Compte bancaire: Netzwerk Plurale Ökonomik e.V. DE91 4306 0967 6037 9737 00 GENODEM1GLS | Mentions légales
In Monetary Theory and Policy from Hume and Smith to Wicksell, Arie Arnon explains the history of monetary theory and policy from the 18th century to the early 20th. Starting with Hume and his Price-Specie Flow Mechanism and by explaining each time the montary and financial context, Arnon depicts the different schools of monetary tought : the Real Bills Doctrine, the Quantity Theory, the Banking School, the Currency School, the Free Banking school etc. For each school or author, he explains how they integrated money in their theory, what they wanted to implement as policy and why and also how they explain and include credit and the role of the rate of interest. The main narrative of his book is the central banking theory, its theorization to its implementation.