The Quantity Theory of Money: Its Historical Evolution and Role in Policy Debates

18 Pages Posted: 23 Aug 2012

See all articles by Thomas M. Humphrey

Thomas M. Humphrey

Federal Reserve Banks - Federal Reserve Bank of Richmond

Date Written: 1974

Abstract

One of the oldest surviving economic doctrines is the quantity theory of money, which in its simplest and crudest form states that changes in the general level of commodity prices are determined primarly by changes in the quantity of money in circulation.

Suggested Citation

Humphrey, Thomas M., The Quantity Theory of Money: Its Historical Evolution and Role in Policy Debates (1974). FRB Richmond Economic Review, Vol. 60, May/June 1974, pp. 2-19, Available at SSRN: https://ssrn.com/abstract=2117542

Thomas M. Humphrey (Contact Author)

Federal Reserve Banks - Federal Reserve Bank of Richmond ( email )

P.O. Box 27622
Richmond, VA 23261
United States

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
1,271
Abstract Views
5,498
rank
19,969
PlumX Metrics