MONETARISM AND THE METHODOLOGY OF ECONOMICS
Essays in Honour of Thomas Mayer
Published on 1. January 1995
Book
Hardback
288 pages
978-1-85278-940-4 (ISBN)
Description
Monetarism and the Methodology of Economics is a collection of 14 original essays in honour of Thomas Mayer focusing on the themes of monetarism, the transmission mechanism for monetary policy, the political economy of monetary policy and the methodology of empirical economics.This volume addresses the many areas where Thomas Mayer has made a major contribution and brings together a distinguished group of contributors including King Banaian, Mark Blaug, Martin Bronfenbrenner, Richard C.K. Burdekin, Thomas F. Cargill, Milton Friedman, C.A.E. Goodhart, D. Wade Hands, Abraham Hirsch, Kevin D. Hoover, David Laidler, Thomas Mayer, James L. Pierce, Steven M. Sheffrin, Richard J. Sweeney, Thomas D. Willett, Wing Thye Woo.
An autobiographical essay by Thomas Mayer and a short appreciation by Kevin Hoover and Steven Sheffrin are included in this volume, together with a bibliography of Mayer's economic writings.
An autobiographical essay by Thomas Mayer and a short appreciation by Kevin Hoover and Steven Sheffrin are included in this volume, together with a bibliography of Mayer's economic writings.
Reviews / Votes
'It is an excellent and well written group of essays, superbly edited by two of Mayer's colleagues, Kevin Hoover and Steven Sheffrin. . . in many ways this volume mirrors Mayer's vision of how economics ought to be practiced. What a thoughtful way to honor a meticulous, scholarly, and prolific colleague.' -- James R. Wible, Eastern Economic JournalMore details
Language
English
Place of publication
Cheltenham
United Kingdom
Target group
College/higher education
Dimensions
Height: 234 mm
Width: 156 mm
ISBN-13
978-1-85278-940-4 (9781852789404)
Copyright in bibliographic data is held by Nielsen Book Services Limited or its licensors: all rights reserved.
Schweitzer Classification
Persons
Edited by Kevin D. Hoover, Professor of Economics and Philosophy, Departments of Economics and Philosophy, Duke University, US and Steven M. Sheffrin, Professor of Economics and Director of the Murphy Institute of Political Economy, Tulane University, US
Content
Part 1 Reflections: Thomas Mayer: an appreciation, Kevin D. Hoover and Steven M. Sheffrin; getting older, but not much wiser, Thomas Mayer. Part 2 Monetarism: monetarism - the good, the bad and the ugly, James L. Pierce; is the quantity theory of money true? Mark Blaug Part 3 The transmission mechanism: Say's law extended - an expository approach, Martin Bronfenbrenner; why do agents hold money, and why does it matter? David Laidler; money supply control - base or interest rates? C.A.E. Goodhart; monetary policy, wealth effects and the transmission mechanism, Richard J. Sweeney; using existing financial repression to blunt the Dutch disease - a missed opportunity in Indonesia, Womg Thye Woo; identifying monetary and credit shocks, Steven M. Sheffrin. Part 3 The political economy of monetary policy: monetary system for a free society, ,ilton Friedman; on the political economy of central bank independence, King Banaian, Richard C.K. Burdekin, and Thomas D. Willet; the bank of Japan and federal reserve - an essay on central bank independence, Thomas F. Cargill. Part 4 The Methodology of empirical macroeconomics: John Stuart Mill and the problem of induction, Abraham Hirsch; the methodology of empirical science economics - a closer look, D.Wade Hands; in defence of data mining - some preliminary thoughts, Kevin D. Hoover.