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Abstract

The theory of money supply is less developed than that of money demand, largely because 19th-century economists believed that money was unimportant and because they viewed the central bank as either an appendage to the economy or as a welfare-maximizing black box. The paper reviews each of these beliefs in turn.



Item Type: MPRA Paper -

Original Title: The theory of money supply: a case study-

Language: English-

Keywords: money supply, history of economic thought, central bank-

Subjects: B - History of Economic Thought, Methodology, and Heterodox Approaches > B1 - History of Economic Thought through 1925 > B19 - OtherB - History of Economic Thought, Methodology, and Heterodox Approaches > B2 - History of Economic Thought since 1925 > B22 - Macroeconomics-





Author: Taylor, Leon

Source: https://mpra.ub.uni-muenchen.de/54208/



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