IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

Thomas Edison's “except one”: The monetary views of Arthur Kitson revisited

  • David Hammes
  • Douglas Wills

Purpose – This paper examines the monetary thought of Arthur Kitson (1861-1937) as expressed in his published works and in recently discovered answers he submitted in 1922 to a questionnaire from Thomas Edison, the US inventor. Design/methodology/approach – Both original source material from the Edison Archive and published sources are used to examine the subject. Findings – It is found that Kitson's monetary thought is more orthodox than has previously been claimed by, among others, John Maynard Keynes, and more recently in the economics literature. It is also found that Kitson was the only person to support, without qualification, Edison's plan to reform the US monetary system. Originality/value – This paper casts a new light on Kitson's monetary thought, showing the influence of Irving Fisher on Kitson. The paper also presents Edison's questionnaire and Kitson's contributory thoughts on a fiat monetary standard that the questionnaire stimulated.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL:;jsessionid=AAFEA879917967DFA9896AAE3A244D99?contentType=Article&contentId=1463110
Download Restriction: Cannot be freely downloaded

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Article provided by Emerald Group Publishing in its journal Journal of Economic Studies.

Volume (Year): 32 (2005)
Issue (Month): 1 (January)
Pages: 33-46

in new window

Handle: RePEc:eme:jespps:v:32:y:2005:i:1:p:33-46
Contact details of provider: Web page:

Order Information: Postal: Emerald Group Publishing, Howard House, Wagon Lane, Bingley, BD16 1WA, UK
Web: Email:

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:eme:jespps:v:32:y:2005:i:1:p:33-46. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Virginia Chapman)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.