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Why Money Matters: Lessons from a Half-century of Monetary Theory

Louise Davidson

Chapter 13 in Money and Employment, 1990, pp 218-243 from Palgrave Macmillan

Abstract: Abstract Years ago, Dennis Robertson (1956, p. 81) uttered the following witticism about economic doctrine: ‘Now, as I have often pointed out to my students, some of whom have been brought up in sporting circles, high-brow opinion is like a hunted hare; if you stand in the same place, or nearly the same place, it can be relied upon to come round to you in a circle.’

Keywords: Central Bank; Money Supply; Future Period; Market Maker; Spot Market (search for similar items in EconPapers)
Date: 1990
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-11513-6_14

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DOI: 10.1007/978-1-349-11513-6_14

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