Economics at your fingertips  

Thomas Edison's “except one”

David Hammes and Douglas Wills

Journal of Economic Studies, 2005, vol. 32, issue 1, 33-46

Abstract: Purpose - This paper examines the monetary thought of Arthur Kitson (1861‐1937) as expressed in his published works and in recently discovered answers he submitted in 1922 to a questionnaire from Thomas Edison, the US inventor. Design/methodology/approach - Both original source material from the Edison Archive and published sources are used to examine the subject. Findings - It is found that Kitson's monetary thought is more orthodox than has previously been claimed by, among others, John Maynard Keynes, and more recently in the economics literature. It is also found that Kitson was the only person to support, without qualification, Edison's plan to reform the US monetary system. Originality/value - This paper casts a new light on Kitson's monetary thought, showing the influence of Irving Fisher on Kitson. The paper also presents Edison's questionnaire and Kitson's contributory thoughts on a fiat monetary standard that the questionnaire stimulated.

Keywords: Monetary policy; Economic history (search for similar items in EconPapers)
Date: 2005
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link) ... d&utm_campaign=repec (text/html) ... d&utm_campaign=repec (application/pdf)
Access to full text is restricted to subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

DOI: 10.1108/01443580510574823

Access Statistics for this article

Journal of Economic Studies is currently edited by Prof Mohsen Bahmani-Oskooee

More articles in Journal of Economic Studies from Emerald Group Publishing Limited
Bibliographic data for series maintained by Emerald Support ().

Page updated 2023-10-27
Handle: RePEc:eme:jespps:01443580510574823