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French economists and the purchasing power of money

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  • Alain Béraud

    (THEMA - Théorie économique, modélisation et applications - CNRS - Centre National de la Recherche Scientifique - CY - CY Cergy Paris Université)

Abstract

When French economists read The Purchasing Power of Money, they were primarily interested in the equation of exchange and the reformulation that Fisher proposed regarding the quantity theory of money. This reading led them to ponder the meaning that should be given to this theory and to study its empirical significance. Some of them, namely Rueff and Divisia, went further still and considered Fisher’s work as a starting point for their own analyses, which were related in particular to the monetary index, the integration of money into general equilibrium theory and the analysis of monetary phenomena in an open economy.
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Suggested Citation

  • Alain Béraud, 2012. "French economists and the purchasing power of money," Post-Print hal-03637840, HAL.
    • Handle: RePEc:hal:journl:hal-03637840
    DOI: 10.1080/09672567.2012.708771
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    References listed on IDEAS

    as
    1. Crouhy-veyrac, Liliane & Crouhy, Michel & Melitz, Jacques, 1982. "More about the law of one price," European Economic Review, Elsevier, vol. 18(2), pages 325-344.
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    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. The Origins of the Modern Concept of Money
      by bbatiz in NEP-HIS blog on 2013-04-12 15:40:52

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    More about this item

    JEL classification:

    • B10 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - General
    • E40 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - General
    • F31 - International Economics - - International Finance - - - Foreign Exchange

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