Populism versus Economic Expertise: J. Laurence Laughlin Debates William (Coin) Harvey

Constance André-Aigret and Robert Dimand

Forum for Social Economics, 2018, vol. 47, issue 2, 164-172

Abstract: William Harvey’s best-selling Coin’s Financial School made the bimetallist case for free coinage of silver through a fictitious debate in which leading bankers, politicians, and economists were humiliated by a young bimetallist. One of Harvey’s targets, J. Laurence Laughlin, challenged Harvey to a real debate, in which populist critique of established authority was confronted with an emphatic defense of monetary orthodoxy and academic expertise by an economist who, though founder of the University of Chicago’s economics department and of the Journal of Political Economy, had a problematic claim to speak for the economics discipline as a whole.

Date: 2018
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DOI: 10.1080/07360932.2018.1451760

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