The quantity theory of money has remained at the heart of much of the contemporary economic debate, not least in the disputes between Monetarist and Keynesian economists.
United by a belief that the quantity theory of money is a significant economic theory whose history is frequently misunderstood, these essays challenge our understanding of both monetary economics and the history of its development. Beginning with an essay by Walter Eltis on John Locke and the quantity theory of money, this volume continues with work by Mark Blaug, Denis O'Brien, Robert Skidelsky and Geoffrey Wood on the development of the theory and its continuing relevance for contemporary economics. The volume concludes with comments by Don Patinkin.
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Mark Blaug is Emeritus Professor at the University of London, Emeritus Professor at the University of Buckingham and Visiting Professor at the University of Exeter, UK.
`The best compliment that I can pay this book is to say that I wish I had been at the conference which produced it . . . students who are now taking, or have recently taken, a course whose reading list goes all the way back to 1981, or even 1972, could do a lot worse than spend two or three evenings with this volume.' -- David Laidler, The Manchester School `The essays in this conference volume shoul interest anyone concerned with monetary theory and policy. . .' -- Lawrence H. White, Journal of Economic Literature
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