Salamancans and Gerard Malynes

Lawrence H. Officer (lofficer@uic.edu)
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Lawrence H. Officer: University of Illinois at Chicago

Chapter Chapter 1 in Essays in Economic History, 2022, pp 3-13 from Springer

Abstract: Abstract The Salamancan scholars, in Spain, and Gerard Malynes, in England, were each interpreted by divergent later writers as originator of the purchasing-power-parity [PPP] theory. The Salamancans are the victors, for two reasons. First, they wrote their pertinent treatises prior to Malynes’ work on the topic. Second, the best of the Salamancans present a complete model of PPP, whereas Malynes has only the ingredients of the theory and does not put them together. In neglecting to draw the logical conclusions from his analysis, he leaves the Salamancans to stand alone as the first expositors of an integrated PPP theory.

Keywords: Malynes; Salamancans; Spain; Purchasing power parity; Quantity theory; Exchange control; Specie-flow mechanism (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-95925-8_1

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DOI: 10.1007/978-3-030-95925-8_1

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