Hawtrey's good and bad trade a centenary retrospective

Ralph Hawtrey, a leading economist of the interwar period, published his first work in economics, Good and Bad Trade, in 1913. The book presents the key elements of the theoretical model Hawtrey developed and refined over the next quarter century. Though he was remarkably consistent in maintaining t...

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Veröffentlicht in:	Glasner, David Studies in the history of monetary theory
1. Verfasser:	Glasner, David (VerfasserIn)
Format:	UnknownFormat
Sprache:	eng
Veröffentlicht:	2021
Schlagworte:	Price-specie-flow mechanism > Bank rate > Business cycle > Credit money > Financial crises > Hawtrey R. G. > Inventories > Aufsatz im Buch
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Zusammenfassung:	Ralph Hawtrey, a leading economist of the interwar period, published his first work in economics, Good and Bad Trade, in 1913. The book presents the key elements of the theoretical model Hawtrey developed and refined over the next quarter century. Though he was remarkably consistent in maintaining the theoretical framework outlined in his first work, Hawtrey later rejected the Humean price-specie flow mechanism outlined in Good and Bad Trade, after concluding that, even without gold shipments, international arbitrage equalized national price levels under the gold standard.
ISBN:	9783030834258 9783030834289