The Quantity Theory of Money
G. R. Steele
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G. R. Steele: University of Lancaster
Chapter 3 in Monetarism and the Demise of Keynesian Economics, 1989, pp 17-30 from Palgrave Macmillan
Abstract:
Abstract The emergence of the money economy has been examined in detail. The evolution of increasingly sophisticated banking practices was seen to be guided by the market process. Banking is important to the money economy, but its presence should not be allowed to obscure more fundamental issues. A broad theoretical view of the money economy is of first importance.
Keywords: Money Supply; Bank Credit; Relative Scarcity; Money Balance; Quantity Theory (search for similar items in EconPapers)
Date: 1989
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-09994-8_3
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DOI: 10.1007/978-1-349-09994-8_3
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