Leon Walras' Theory of Money
Bibliographic Data
| ID | 2799185 |
|---|---|
| Authors | Renato Cirillo (University of Alberta, corresponding author) |
| Year | 1986 |
| Volume | 45 |
| Issue | 2 |
| Pages | 215-222 |
| Publication date | 1986-04-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | American Journal of Economics and Sociology (JOURNAL) |
| Journal identifiers | ISSN: 0002-9246 • E-ISSN: 1536-7150 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/j.1536-7150.1986.tb01922.x |
| OpenAlex | W2028973909 |
| Language | EN |
| Citations received | 2 |
Leon Walras'theory of money, in spite of its serious flaws, provides important insights which should prove of interest to modern monetarists. He was one of the few economists in the classical tradition to detect major deficiencies in the quantity theory of money. He favored a strong public policy to regulate the money supply in order to ensure the preservation of economic equilibrium. Most of his arguments were motivated by his concern for the wage earners because he knew that they were the first to suffer in times of economic crisis
Economics · Endogenous money · Keynesian economics · Market economy · Monetarism · Monetary economics · Monetary policy · Money supply · Neoclassical economics · Order (exchange) · Quantity theory of money · Wage · Economic Theory and Institutions · Economic Theory and Policy · Finance
| Citations per year | 0.29 |
|---|---|
| Citation span | 2019 - 2020 (2) |
| Highly cited | No |