The Origins of the Income Theory of Money
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F14%3A00077985" target="_blank" >RIV/00216224:14560/14:00077985 - isvavai.cz</a>
Result on the web
<a href="http://nho.econ.muni.cz/14-2014/4-2014/origins-income-theory-money" target="_blank" >http://nho.econ.muni.cz/14-2014/4-2014/origins-income-theory-money</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1515/revecp-2015-0005" target="_blank" >10.1515/revecp-2015-0005</a>
Alternative languages
Result language
angličtina
Original language name
The Origins of the Income Theory of Money
Original language description
The income theory of money was conceived in the 19th century, and in the first half of the 20th century it formed the backbone of all the main monetary approaches of the time. Yet, since it did so mostly implicitly rather than explicitly, and since the later developments moved economic theory in a different direction, the income theory of money is hardly remembered at present. While mainly accounting for the origins of the approach, I am also offering a brief comparison with the present mainstream economics and I shortly address the question of the possible future of the theory too. The income theory of money explains how nominal prices are formed by interaction of nominal expenditures streams with real streams of goods sold. While various ideas leading to this theory were expressed already by John Law, Richard Cantillon, and Jean- Baptiste Say, it is perhaps only Thomas Tooke whom we might want to call the originator of the theory.
Czech name
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Czech description
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Classification
Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AH - Economics
OECD FORD branch
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Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2014
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Národohospodářský obzor ? Review of Economic Perspectives
ISSN
1213-2446
e-ISSN
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Volume of the periodical
14
Issue of the periodical within the volume
4
Country of publishing house
CZ - CZECH REPUBLIC
Number of pages
19
Pages from-to
373-391
UT code for WoS article
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EID of the result in the Scopus database
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