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Money, Exchange And Production

Further Essays in the History of Economic Thought
Thomas M. Humphrey, Vice President and Economist, Federal Reserve Bank of Richmond, Virginia, US
This timely volume provides a second collection of Thomas Humphrey’s papers in the area of the history of economic thought and is a long-awaited companion to his critically acclaimed first volume of essays, Money, Banking and Inflation.
Extent: 192 pp
Hardback Price: $123.00 Online: $110.70
Publication Date: 1998
ISBN: 978 1 85898 652 4
Availability: In Stock
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  • Economics and Finance
  • Economic Psychology
  • Financial Economics and Regulation
  • History of Economic Thought
  • Money and Banking
This timely volume provides a second collection of Thomas Humphrey’s papers in the area of the history of economic thought and is a long-awaited companion to his critically acclaimed first volume of essays Money, Banking and Inflation.

Unlike the first volume, this book does not focus specifically on traditional central bank concerns but addresses key concepts, theories and tools in the area of money, exchange and production which have proved indispensable to the development of economics. Each essay focuses on a prominent theory or tool, examines its essential elements, identifies its origins and traces its development across a succession of economists, problems, controversies and applications. In this way, the book shows how the history of economic thought can be illustrated through the development of tools and concepts rather than through schools of thought and prominent individuals.

This outstanding collection will be invaluable to historians of economic thought as well as to students and scholars of methodology, philosophy and monetary and financial economics.
Contents: Preface Part I: Monetary Theory 1. The Origins of Velocity Functions 2. Fisher and Wicksell on the Quantity Theory 3. John Wheatley’s Theory of International Monetary Adjustment Part II: Geometry of Exchange (Trade) and Production 4. When Geometry Emerged: Some Neglected Early Contributions to Offer-Curve Analysis 5. The Early History of the Box Diagram Part III: Algebraic Production Functions 6. Algebraic Production Functions and their uses before Cobb-Douglas Index