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Mark Blaug on the quantity theory: a skirmish on the border between science and ideology in the history of economic thought

In: Mark Blaug: Rebel with Many Causes

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  • David Laidler

Abstract

This collection of eminent contributions discusses the ideas and works of Mark Blaug, who has made important and often pioneering contributions to economic history, economic methodology, the economics of education, development economics, cultural economics, economic theory and the history of economic thought. Besides these assessments of Blaug’s influence and impact in these fields, this volume also contains a selection of personal portraits which depict him as a colleague, a friend and an opponent. Blaug was also a voracious reader and prolific writer, which is clearly evidenced by the comprehensive bibliography.

Suggested Citation

  • David Laidler, 2013. "Mark Blaug on the quantity theory: a skirmish on the border between science and ideology in the history of economic thought," Chapters,in: Mark Blaug: Rebel with Many Causes, chapter 7, pages 63-77 Edward Elgar Publishing.
  • Handle: RePEc:elg:eechap:15224_7
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    References listed on IDEAS

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    1. Lucas, Robert E, Jr, 1996. "Nobel Lecture: Monetary Neutrality," Journal of Political Economy, University of Chicago Press, vol. 104(4), pages 661-682, August.
    2. Robinson, Joan, 1970. "Quantity Theories Old and New," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 2(4), pages 504-512, November.
    3. Laidler, David, 1991. "The Quantity Theory Is Always and Everywhere Controversial--Why?," The Economic Record, The Economic Society of Australia, vol. 67(199), pages 289-306, December.
    4. Henry C. Simons, 1936. "Rules versus Authorities in Monetary Policy," Journal of Political Economy, University of Chicago Press, vol. 44, pages 1-1.
    5. Friedman, Milton, 1984. "Lessons from the 1979-82 Monetary Policy Experiment," American Economic Review, American Economic Association, vol. 74(2), pages 397-400, May.
    6. David Laidler, 2004. "From Bimetallism to Monetarism: The Shifting Political Affiliation of the Quantity Theory," Chapters,in: Political Events and Economic Ideas, chapter 1 Edward Elgar Publishing.
    7. Friedman, Benjamin M, 1984. "Lessons from the 1979-82 Monetary Policy Experiment," American Economic Review, American Economic Association, vol. 74(2), pages 382-387, May.
    8. Mark Blaug, 2001. "No History of Ideas, Please, We're Economists," Journal of Economic Perspectives, American Economic Association, vol. 15(1), pages 145-164, Winter.
    9. Benjamin M. Friedman, 1984. "Lessons from the 1979-1982 Monetary Policy Experiment," NBER Working Papers 1272, National Bureau of Economic Research, Inc.
    10. David Laidler, 2003. "The role of the history of economic thought in modern macroeconomics," Chapters,in: Monetary History, Exchange Rates and Financial Markets, chapter 1 Edward Elgar Publishing.
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    Economics and Finance;

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