scholarly journals Monetarist arithmetic at COVID‐19 time: A take on how not to misapply the quantity theory of money

2021 ◽  
Author(s):  
Julien Pinter
Keyword(s):  
Quantity Theory

Japanese drop economic batch quantity ‘theory’

1983 ◽  
Vol 62 (10) ◽  
pp. 5
Author(s):  
John L. Burbidge
Keyword(s):  
Quantity Theory

Economic batch quantity theory discussion widens

1984 ◽  
Vol 63 (9) ◽  
pp. 7
Author(s):  
Tom Medlrum
Keyword(s):  
Quantity Theory

On Practical Validity of Quantity Theory of Money, or How Much the Dogmatism of Monetary Authorities Costs

2008 ◽  
pp. 31-45 ◽  
Author(s):  
S. Glazyev
Keyword(s):  
Monetary Policy ◽  
Economic Development ◽  
Money Supply ◽  
Market Equilibrium ◽  
Static State ◽  
Quantity Theory ◽  
Monetary Authorities ◽  
State Of The Economy ◽  
Market Organization

The article critically considers basic postulates of quantity theory of money. It shows that they reflect the static state of the economy in abstract models of market equilibrium but do not prove true in actual economic processes. In contrast to monetarists’ view, prices can rise as well as fall even if other variables of the monetarist equation are stable. Thus it cannot be used for grounding monetary policy. The author comes to the conclusion on the dogmatism of Russian monetary authorities that seriously hinders the country’s economic development. He proposes to switch to market organization of money supply basing on regulation of the refinancing rate.

Stability and the Quantity Theory

1974 ◽  
Vol 82 (1) ◽  
pp. 133-151 ◽  
Author(s):  
P. W. Howitt
Keyword(s):  
Quantity Theory

Adolphe Landry and Irving Fisher on Circulation and Interest

2012 ◽  
pp. 115-123
Author(s):  
Robert W. Dimand
Keyword(s):  
World War I ◽  
Average Period ◽  
World War ◽  
Interest Theory ◽  
Quantity Theory ◽  
The Us ◽  
Average Period Of Production

In the two decades before World War I, Irving Fisher and his French contemporary Adolphe Landry presented and extended Boehm-Bawerk's theory capital and interest, although both of them criticized Boehm-Bawerk's concept of an average period of production. They analyzed each other's work on interest theory in books reviews and books. They both attempted to construct an operationally meaninful version of the quantity theory of money, with Fisher building explicitly on early studies by Landry and Pierre des Essars in France and by Edwin Kemmerer and David Kinley in the US.

Testing the quantity theory of money in Greece

2002 ◽  
Vol 34 (5) ◽  
pp. 583-587 ◽  
Author(s):  
Costas Karfakis
Keyword(s):  
Quantity Theory
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