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Book Details
First Sentence
"One of the oldest ideas in economics is the quantity theory of money; indeed, The New Palgrave describes the proposition that increases in the stock of money eventually cause prices to rise in the same proportion as being 'older than economic theory itself' (Bridel, 1989, p. 298) With suitable extensions to recognise the impact of changes in the volume of economic transactions or the velocity of circulation (Fisher, 1911), and more generally the impact of changes in real money demand (Friedman, 1956), this long-standing theory remains the starting point for much modern analysis in monetary economics."
Edition Notes
Routledge International Studies in Money and Banking
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Feedback?December 16, 2022 | Edited by MARC Bot | import existing book |
July 28, 2020 | Edited by MARC Bot | import existing book |
June 15, 2012 | Edited by AMillarBot | remove edition notes from title (Routledge International Studies in Money and Banking) |
April 28, 2010 | Edited by Open Library Bot | Linked existing covers to the work. |
December 9, 2009 | Created by WorkBot | add works page |