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＜電子ブック＞
E. W. Kemmerer's contribution to the quantity theory of money / Rebeca Gomez Betancourt
(Euro. j. history of economic thought ; 17:1)

出版者	(London : Routledge)
出版年	2010
大きさ	1 online resource (pages 115-140) : illustrations (some color)
著者標目	*Betancourt, Rebeca Gomez author
件　名	LCSH:Economics -- History  全ての件名で検索 LCSH:Economics -- Study and teaching  全ての件名で検索 FREE:World Wide Web: Library information networks
一般注記	Includes bibliographical references This paper aims at suggesting a new interpretation of Edwin Walter Kemmerer's quantity theory of money as it appears in his Money and Credit Instruments in Their Relation to General Prices (1903, PhD thesis; and 1907, first edition of the book). In that work, he proposes an equation to determine the price level as the ratio of its monetary and real determinants. The paper addresses Kemmerer's key question of how money and credit are related to general prices. Two directions are investigated. Firstly, I explain Kemmerer's quantity theory by means of his exchange equation and how his interpretation may have influenced Fisher's economic theory. Secondly, I consider his test of the quantity theory on the US economy and I show the empirical validity of his theory. It is argued here that both elements give a key contribution to finding a new interpretation of the deepest meaning of Kemmerer's approach to quantity theory HTTP:URL=https://www.routledgehistoricalresources.com/economic-thought/journal-articles/e-w-kemmerers-contribution-to-the-quantity-theory-of-money

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