Monetary Theory and Policy from Hume and Smith to Wicksell: Money, Credit, and the Economy

by Arie Arnon

Book Overview

This 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...

• Format: Paperback
• Language: English
• ISBN: 1107642736
• ISBN13: 9781107642737
• Release Date: August 2012
• Publisher: Cambridge University Press
• Length: 450 Pages
• Weight: 1.45 lbs.
• Dimensions: 1.1" x 5.9" x 9.0"