The Foundations of Monetary Economics

The Foundations of Monetary Economics presents an authoritative collection of key articles on monetary economics - one of the most contentious areas of economics. David Laidler - who has himself made important contributions - has selected those articles which are essential to an understanding of the origin and development of monetary economics. This important three-volume collection includes classic papers from the late 19th and early 20th centuries but places the emphasis on those papers written in the last half century. Particular weight is given to work that pays explicit attention to money's role in processes of exchange. Topics include the origins of money; cash in advance; overlapping generations and legal restrictions; theories of the demand for money; empirical studies of the demand for money; money, prices and output; money in general equilibrium and disequilibrium; money and clearing markets; credit market effects; monetary explanations of the cycle; money and the Great Depression; money and growth; monetary policy and the price level; rational expectations and monetary policy; central banking; free banking and the new monetary economics.