 The Place of Money in the Theory of DevelopmentLord Robbins Chapter Lecture Six in The Theory of Economic Development in the History of Economic Thought, 1968, pp 120-149 from Palgrave Macmillan Abstract: Abstract I have now passed in review the main features of the history of thought in regard to what the classical economists would have called productive factors and their organisation in the process of economic development. But so far I have said nothing, save incidentally, about money and credit and their functions in this respect. This clearly is an omission which must be remedied. The part played by money and its vicissitudes in promoting or retarding economic development has probably occupied more space in the relevant literature than any other single subject, indeed perhaps more than all the other single subjects put together. Needless to say, I shall not attempt to cover this material in all its bewildering variety. My aim is only to exhibit the main issues in the broadest historical perspective. I shall deal first with thought concerning the qualitative functions of money and monetary institutions in regard to development, and then with discussions of the effect of variations in its quantity. Keywords: Precious Metal; Money Supply; Full Employment; Classical Economist; Cash Payment (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-00149-1_6 Ordering information: This item can be ordered from DOI: 10.1007/978-1-349-00149-1_6 Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.