David Hume on Canadian Paper Money: An Overlooked Contribution

Robert Dimand

Journal of Money, Credit and Banking, 2005, vol. 37, issue 4, 783-87

Abstract: The philosopher David Hume is renowned in international monetary economics for his 1752 analysis of the specie-flow mechanism of international adjustment. He has been viewed in the literature as an abstract theorist, writing without direct practical experience of public policy or monetary affairs. This paper shows Hume in the unfamiliar role of a British diplomat negotiating the settlement of the outstanding paper money of New France after the British conquest of Canada.

Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:mcb:jmoncb:v:37:y:2005:i:4:p:783-87

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