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The Quantity Theory of Money

In: Monetarism and the Demise of Keynesian Economics

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  • G. R. Steele

    (University of Lancaster)

Abstract

The emergence of the money economy has been examined in detail. The evolution of increasingly sophisticated banking practices was seen to be guided by the market process. Banking is important to the money economy, but its presence should not be allowed to obscure more fundamental issues. A broad theoretical view of the money economy is of first importance.

Suggested Citation

  • G. R. Steele, 1989. "The Quantity Theory of Money," Palgrave Macmillan Books, in: Monetarism and the Demise of Keynesian Economics, chapter 3, pages 17-30, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-09994-8_3
    DOI: 10.1007/978-1-349-09994-8_3
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