IDEAS home Printed from https://ideas.repec.org/a/fan/spespe/vhtml10.3280-spe2016-001001.html
   My bibliography  Save this article

A. C. Pigou and the ?Real Purpose? of the 1924-25 Committee on the Currency and Bank of England Note Issues

Author

Listed:
  • Rog?ro Arthmar
  • Michael McLure

Abstract

Brian Reddaway has argued that the title for the Committee on the Currency and Bank Notes served as a smokescreen to hide its real purpose of advising the government on Britain?s return to gold. When A. C. Pigou was invited by Sir Otto Niemeyer to serve on that Committee, there was no mention of gold. Only the title of the Committee was mentioned in the letter. The objective of this study is to establish whether Pigou appreciated the real purpose of the Committee or whether he was misled by the title of the Committee that he was invited to serve on.

Suggested Citation

  • Rog?ro Arthmar & Michael McLure, 2016. "A. C. Pigou and the ?Real Purpose? of the 1924-25 Committee on the Currency and Bank of England Note Issues," HISTORY OF ECONOMIC THOUGHT AND POLICY, FrancoAngeli Editore, vol. 2016(1), pages 5-19.
    • Handle: RePEc:fan:spespe:v:html10.3280/spe2016-001001
    as

    Download full text from publisher

    File URL: http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=56666&Tipo=ArticoloPDF
    Download Restriction: Single articles can be downloaded buying download credits, for info: https://www.francoangeli.it/DownloadCredit
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Norikazu Takami, 2011. "Pigou on business cycles and unemployment: an anti-gold-standard view," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 18(2), pages 203-215.
    2. Peden, G. C., 2000. "The Treasury and British Public Policy 1906-1959," OUP Catalogue, Oxford University Press, number 9780198207078.
    3. Murray Milgate, 1983. "Keynes And Pigou On The Gold Standard And Monetary Theory," Contributions to Political Economy, Oxford University Press, vol. 2(1), pages 39-48.
    4. Eichengreen, Barry, 1996. "Golden Fetters: The Gold Standard and the Great Depression, 1919-1939," OUP Catalogue, Oxford University Press, number 9780195101133, Decembrie.
    5. Dimsdale, N H, 1981. "British Monetary Policy and the Exchange Rate, 1920-1938," Oxford Economic Papers, Oxford University Press, vol. 33(0), pages 306-349, Supplemen.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Jason Lennard, 2023. "Sticky wages and the Great Depression: evidence from the United Kingdom," European Review of Economic History, European Historical Economics Society, vol. 27(2), pages 196-222.
    2. James Cloyne & Nicholas Dimsdale & Natacha Postel-Vinay, 2018. "Taxes and Growth: New Narrative Evidence from Interwar Britain," NBER Working Papers 24659, National Bureau of Economic Research, Inc.
    3. Eichengreen, Barry & Irwin, Douglas A., 2010. "The Slide to Protectionism in the Great Depression: Who Succumbed and Why?," The Journal of Economic History, Cambridge University Press, vol. 70(4), pages 871-897, December.
    4. Ronicle, David, 2022. "Turning in the widening gyre: monetary and fiscal policy in interwar Britain," Bank of England working papers 968, Bank of England.
    5. Nicholas Dimsdale & Nicholas Horsewood, 2012. "The impact of the Great Depression of the 1930s on the British economy," Working Papers 12028, Economic History Society.
    6. Singleton,John, 2010. "Central Banking in the Twentieth Century," Cambridge Books, Cambridge University Press, number 9780521899093.
    7. Nicholas Dimsdale & Nicholas Horsewood, 2009. "The dynamics of consumption and investment in the late Victorian economy," Working Papers 9007, Economic History Society.
    8. Rogerio Arthmar & Michael Mclure, 2016. "Pigou On War Finance And State Action," Anais do XLIII Encontro Nacional de Economia [Proceedings of the 43rd Brazilian Economics Meeting] 011, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    9. Aiginger, Karl, 2010. "The Great Recession vs. the Great Depression: Stylized facts on siblings that were given different foster parents," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 4, pages 1-41.
    10. Accominotti, Olivier, 2012. "London Merchant Banks, the Central European Panic, and the Sterling Crisis of 1931," The Journal of Economic History, Cambridge University Press, vol. 72(1), pages 1-43, March.
    11. Barbara McKiernan, 1998. "Monetary disturbance or financial market collapse: tests of two theories of the Great Depression," Applied Financial Economics, Taylor & Francis Journals, vol. 8(2), pages 133-144.
    12. Ben S. Bernanke & Vincent R. Reinhart & Brian P. Sack, 2004. "Monetary Policy Alternatives at the Zero Bound: An Empirical Assessment," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 35(2), pages 1-100.
    13. A. Malliaris & Mary Malliaris, 2013. "Are oil, gold and the euro inter-related? Time series and neural network analysis," Review of Quantitative Finance and Accounting, Springer, vol. 40(1), pages 1-14, January.
    14. Marianna Astore & Michele Fratianni, 2016. ""We can't pay": How Italy cancelled war debts after Lausanne," Mo.Fi.R. Working Papers 129, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
    15. Mervyn Allister King, 1993. "Debt Deflation: Theory and Evidence," FMG Discussion Papers dp175, Financial Markets Group.
    16. Alejandro Ayuso‐Díaz & Antonio Tena‐Junguito, 2020. "Trade in the shadow of power: Japanese industrial exports in the interwar years," Economic History Review, Economic History Society, vol. 73(3), pages 815-843, August.
    17. Edwards, Sebastian, 2020. "Change of monetary regime, contracts, and prices: Lessons from the great depression, 1932–1935," Journal of International Money and Finance, Elsevier, vol. 108(C).
    18. Juan Herreño & Matias Morales & Mathieu Pedemonte, 2023. "The Effect of Local Economic Shocks on Local and National Elections," Working Papers 23-08, Federal Reserve Bank of Cleveland.
    19. Patrick K. O’Brien & Nuno Palma, 2019. "Danger To The Old Lady Of Threadneedle Street? The Bank Restriction Act And The Regime Shift To Paper Money, 1797-18211," Working Papers 0082, Utrecht University, Centre for Global Economic History.
    20. Khan, Haider, 2013. "Global Financial Governance: Towards a New Global Financial Architecture for Averting Deep Financial Crises," MPRA Paper 49275, University Library of Munich, Germany.

    More about this item

    JEL classification:

    • B13 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Wicksellian)
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fan:spespe:v:html10.3280/spe2016-001001. See general information about how to correct material in RePEc.

    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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Stefania Rosato (email available below). General contact details of provider: http://www.francoangeli.it/riviste/sommario.aspx?IDRivista=121 .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.