Hume and Endogenous Money

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Maria Pia Paganelli (2006)
  • Journal: Eastern Economic Journal, volume 32, issue 3 Summer, pages 533-547

David Hume’s monetary theory has three standard yet inconsistent readings. As a forefather of the quantity theory of money, Hume sees money as neutral. As an inflationist, Hume sees an active positive role for monetary policy. As a monetarist, Hume sees an active positi... View more
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