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Mark Blaug on the quantity theory : a skirmish on the border between science and politics in the history of economic thought
Laidler, David E. W. - In: Today's standards and yesterday's economics - two short …, (pp. 8-12). 2012
about the Quantity Theory of Money, but he hesitated to probe too deeply into the political and ideological elements of its … history, perhaps leading him to underestimate their importance for the theory's evolution. -- money ; Quantity theory ; value … theory ; positive economics ; empiricism ; formalism ; bimetallism ; gold standard ; monetarism …
Persistent link: https://www.econbiz.de/10009671724
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Eliminating history from economic thought
Laidler, David E. W. - In: Today's standards and yesterday's economics - two short …, (pp. 1-7). 2012
Formal analysis, in which maximizing agents use today's "true" model of the economy to form expectation upon which they then base their behaviour, trivializes the role of the future in economic life and ignores the possibility that the past's models, which helped generate the data against which...
Persistent link: https://www.econbiz.de/10009671730