• xmlui.mirage2.page-structure.header.title
    • français
    • English
  • Help
  • Login
  • Language 
    • Français
    • English
View Item 
  •   BIRD Home
  • LEDa (UMR CNRS 8007, UMR IRD 260)
  • LEDa : Publications
  • View Item
  •   BIRD Home
  • LEDa (UMR CNRS 8007, UMR IRD 260)
  • LEDa : Publications
  • View Item
JavaScript is disabled for your browser. Some features of this site may not work without it.

Browse

BIRDResearch centres & CollectionsBy Issue DateAuthorsTitlesTypeThis CollectionBy Issue DateAuthorsTitlesType

My Account

LoginRegister

Statistics

Most Popular ItemsStatistics by CountryMost Popular Authors
Thumbnail

American Quantity Theorists prior to Irving Fisher’s Purchasing Power of Money

Rebeca, Gomez Betancourt; de Boyer des Roches, Jérôme (2011-01), American Quantity Theorists prior to Irving Fisher’s Purchasing Power of Money, ASSA Conference, 2011-01, Denver, Colorado, États-Unis

View/Open
Gomez2012.pdf (573.7Kb)
Type
Communication / Conférence
Date
2011-01
Conference title
ASSA Conference
Conference date
2011-01
Conference city
Denver, Colorado
Conference country
États-Unis
Pages
22
Metadata
Show full item record
Author(s)
Rebeca, Gomez Betancourt cc
de Boyer des Roches, Jérôme
Abstract (EN)
The aim of this paper is to analyze the state of the quantity theory in the United States prior to the publication of Irving Fisher’s Purchasing Power of Money in 1911. We start by presenting the participants in the monetary debate. Next, we analyze the controversies regarding prices, purchasing power of money and credit, prior to the Gold Standard Act of 1900, in particular the opposing views of Francis Amasa Walker and James Laurence Laughlin. We then go on to study the restatement of the quantity theory at the beginning of the twentieth century, through the introduction of credit in the analysis and the statistical tests of the exchange equations. Finally, we study the problems and management of the gold standard, focusing on the elasticity of money supply, the characteristics of the gold exchange standard and the contrast between the fixed price of gold and its fluctuating purchasing power. We show the improvement of the quantity theory and the new issues that emerged from the rich and original American monetary debate, prior to the publication in 1911 of Fisher’s book.
Subjects / Keywords
Quantity theory; business confidence; deflation; legal tender; prices; gold standard
JEL
B1 - History of Economic Thought through 1925
E4 - Money and Interest Rates
E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit
N11 - U.S.; Canada: Pre-1913

Related items

Showing items related by title and author.

  • Thumbnail
    American quantity theorists prior to Irving Fisher’s "The purchasing power of money" 
    de Boyer des Roches, Jérôme; Gomez Betancourt, Rebeca (2013) Article accepté pour publication ou publié
  • Thumbnail
    Irving Fisher's restatement of the quantity theory 
    Gomez Betancourt, Rebeca; de Boyer des Roches, Jérôme (2013-04) Article accepté pour publication ou publié
  • Thumbnail
    Origins and Develoment of Irving Fisher’s Compensated Dollar Plan 
    de Boyer des Roches, Jérôme; Gomez Betancourt, Rebeca (2012) Communication / Conférence
  • Thumbnail
    Origins and developments of Irving Fisher's compensated dollar plan 
    Gomez Betancourt, Rebeca; de Boyer des Roches, Jérôme (2013) Communication / Conférence
  • Thumbnail
    Balance of payments and exchange rates 
    Gomez Betancourt, Rebeca; de Boyer des Roches, Jérôme (2016) Chapitre d'ouvrage
Dauphine PSL Bibliothèque logo
Place du Maréchal de Lattre de Tassigny 75775 Paris Cedex 16
Phone: 01 44 05 40 94
Contact
Dauphine PSL logoEQUIS logoCreative Commons logo