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Why Money Matters: Lessons from a Half-century of Monetary Theory

In: Money and Employment

Author

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  • Louise Davidson

Abstract

Years ago, Dennis Robertson (1956, p. 81) uttered the following witticism about economic doctrine: ‘Now, as I have often pointed out to my students, some of whom have been brought up in sporting circles, high-brow opinion is like a hunted hare; if you stand in the same place, or nearly the same place, it can be relied upon to come round to you in a circle.’

Suggested Citation

  • Louise Davidson, 1990. "Why Money Matters: Lessons from a Half-century of Monetary Theory," Palgrave Macmillan Books, in: Louise Davidson (ed.), Money and Employment, chapter 13, pages 218-243, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-11513-6_14
    DOI: 10.1007/978-1-349-11513-6_14
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