The Limitations of the Quantity Theory and the Money Veil

Robert Bigg

Chapter 9 in Cambridge and the Monetary Theory of Production, 1990, pp 101-113 from Palgrave Macmillan

Abstract: Abstract This set of three chapters, reviewing developments in the Cambridge Quantity Theory in the period to 1925, concludes with a consideration of the perceived limitations to the quantity theoretic approach and the concept of the money veil. Once again the main authors reviewed are Keynes, Robertson and Lavington.

Keywords: Monetary Policy; Price Level; Relative Prex; Treasury Bill; Money Balance (search for similar items in EconPapers)
Date: 1990
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37121-7_9

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DOI: 10.1057/9780230371217_9

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