Thomas Tooke (1774–1858), Mountifort Longfield (1802–1884) and Richard Jones (1790–1855)

Mark Blaug

in Books from Edward Elgar Publishing

Abstract: Thomas Tooke was the founder of the contra-quantity theory of money – the view that monetary policy is powerless to influence prices because the supply of money depends on the flow of money expenditure and hence is the result and not the cause of price change. Yet his prominence within economic circles was also derived from his work as a lobbyist for free trade and the principal spokesman of the banking school, arguing against statutory control of the currency.

Keywords: Economics and Finance (search for similar items in EconPapers)
JEL-codes: B0 (search for similar items in EconPapers)
Date: 1991
ISBN: 9781852784805
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