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Quantity Theory

In: Money

Author

Listed:
  • Roy Harrod

Abstract

The operational heyday of the quantity theory was in Britain in the century that followed the report of the Bullion Committee. Not only economists but also top officials accepted it as the main guideline for policy purposes. Things were rather different on the continent of Europe, where members of the ‘ historical school’ found it too rigid for their taste, and, in many cases, the official world was somewhat lacking in clearly defined notions.

Suggested Citation

  • Roy Harrod, 1969. "Quantity Theory," Palgrave Macmillan Books, in: Money, chapter 6, pages 153-161, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-15348-0_6
    DOI: 10.1007/978-1-349-15348-0_6
    as

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