Finance Constraints and the Theory of Money: Selected Papers (ECONOMIC THEORY, ECONOMETRICS, AND MATHEMATICAL ECONOMICS)

Business & Money

Laidler, David

HICKS, John

Tsiang, Sho-Chieh

Stockman, Alan

Economics

Academic Pr

In this volume of 11 essays on the determinants of money-wage inflation, Laidler places the emphasis on price inflation, arguing that it is this which interacts with interest rates, the nominal money supply and the balance of payments, to influence aggregate demand.

Essays on Money and Inflation

Univ of Chicago Pr

Putting the "matters" back into "money matters" is David Laidler's intent in this collection of ten essays on the role of monetary institutions in the development of monetary theory and the implications of these ideas for policy. Together, the essays provide a coherent and accessible introduction to the power and range of thinking by one of the world's leading monetary economists. In Taking Money Seriously Laidler seeks to develop and sustain monetarist ideas of the 1960s in relationship to the new classical economics and to argue their continued policy relevance. Money matters, he points out, because monetary exchange rather than the Walrasian market coordinates economic activity in the real world. Laidler's discussion of the costs of inflation points up the importance of money's means-of-exchange role and is followed by an extended critique of new classical economics. He devotes several chapters to policy issues, in which he asserts that the monetary system is a "public good" whose organization and control present inherently political problems. David Laidler is Professor of Economics at the University of Western Ontario.

Taking Money Seriously and Other Essays

Mit Pr

Fabricating the Keynesian Revolution: Studies of the Inter-war Literature on Money, the Cycle, and Unemployment (Historical Perspectives on Modern Economics)

It is a commonly held belief that, in 1936, Keynes' General Theory ushered in a new era in economic thought, with faith in the free market being replaced by reliance on systematic government intervention as a means of keeping the economy on an even keel. This book surveys the writings of a large number of economists in the interwar years and argues that the "Keynesian Revolution" is a myth, and that the "new economics" was a careful and selective synthesis of an "old economics" that had been developing for twenty years or more.

Cambridge University Press

Here is a clear and thoughtful introduction to the current literature of monetary economics and macroeconomics. The book's central theme is a view of the macroeconomy in which recession and inflation are to be interpreted as the result of the economy adjusting to a discrepancy between the quantity of money supplied and the quantity of money demanded, with the latter quantity being determined by a stable aggregate demand function.The author discusses in turn the place of monetarism in macroeconomics, its implications for the interpretation of the short-run demand for money function, its relationship to equilibrium business cycle theory, the disequilibrium transmission mechanism that underlies the monetarist viewpoint, and finally its implications for the policy of “gradualism.” He synthesizes a large body of theoretical and empirical literature, and his empirical observations are broadly based on the experiences of England and Australia as well as Canada and the United States. Each chapter can be read apart from the others, and Laidler has taken particular care to keep the technical level of exposition low without sacrificing much in the way of theoretical sophistication.

Monetarist Perspectives

Harvard University Press

Essays on Money and Inflation (Studies in Inflation)

Gregg Revivals

Covering recent theoretical developments in industrial organization and public choice theory, this is a complete textbook for intermediate microeconomics courses. The mathematical development of results lends vigour to its traditional strength: verbal and geometric presentation of key concepts. The clarity and brevity of exposition that made the book popular have been retained.

Introduction to Microeconomics

Estrin, Saul

Pearson Higher Education

David Laidler is one of the leading scholars in the history of economic thought and macroeconomics. This important collection brings together nineteen of his essays on topics in the history of macroeconomics. It begins with a paper on Adam Smith and ends with a discussion of the implications of Newclassical economists' ideas on the role of economic ideas in conditioning agents' activities. Other chapters deal with the major themes developed by monetary economists in the intervening years. Two of the essays appear in their current form for the first time, and several others are reprinted from difficult-to-obtain sources. They should be of interest not just to historians of economic thought, but also to economists more generally.

Macroeconomics in Retrospect: The Selected Essays of David Laidler

Edward Elgar Publishing

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Books by Laidler, David