Quantity Theory

Roy Harrod

Chapter 6 in Money, 1969, pp 153-161 from Palgrave Macmillan

Abstract: Abstract The operational heyday of the quantity theory was in Britain in the century that followed the report of the Bullion Committee. Not only economists but also top officials accepted it as the main guideline for policy purposes. Things were rather different on the continent of Europe, where members of the ‘ historical school’ found it too rigid for their taste, and, in many cases, the official world was somewhat lacking in clearly defined notions.

Keywords: Price Level; Money Supply; Index Number; Wage Increase; Bank Deposit (search for similar items in EconPapers)
Date: 1969
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-15348-0_6

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DOI: 10.1007/978-1-349-15348-0_6

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