The Origins of the Income Theory of Money

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

The Origins of the Income Theory of Money

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

The Origins of the Income Theory of Money

Popis výsledku anglicky

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.

Druh

J_x - Nezařazeno - Článek v odborném periodiku (Jimp, Jsc a Jost)

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2014

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Národohospodářský obzor ? Review of Economic Perspectives

ISSN

1213-2446

e-ISSN

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Svazek periodika

14

Číslo periodika v rámci svazku

4

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

19

Strana od-do

373-391

Kód UT WoS článku

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EID výsledku v databázi Scopus

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