Hawtrey was one of the English pioneers of the "income" approach. In his first book he wrote: "The total effective demand for all commodities per unit of time is the aggregate of all money incomes. The total cost of production of all commodities per unit of time is the aggregate of all money incomes." This work also contains the germ of many of his later ideas on monetary theory; throughout his long career Hawtrey consistently viewed business cycles as essentially a monetary phenomena which must be controlled by regulation of credit. "It is only since his death that he has made a comeback as an early 'monetarist'." M. Blaug Great Economists Since Keynes

Good and bad trade;: An inquiry into the causes of trade fluctuations, (Reprints of economic classics)

R.G. Hawtrey

A.M. Kelley

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Books by R.G. Hawtrey

See the best price to sell, buy, or rent books by R.G. Hawtrey. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Good and bad trade;: An inquiry into the causes of trade fluctuations, (Reprints of economic classics)