Thomas Tooke and the Monetary Thought of Classical Economics

Author:   Matthew Smith (University of Sydney, Australia)
Publisher:   Taylor & Francis Ltd
Volume:   125
ISBN:  

9781138807624


Pages:   320
Publication Date:   23 June 2014
Format:   Paperback
Availability:   In Print   Availability explained
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Thomas Tooke and the Monetary Thought of Classical Economics


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Overview

This study provides a comprehensive account and reconsideration of the contribution to political economy of Thomas Tooke (1774-1858). It clarifies Tooke’s monetary thought and its legacy to modern economics. The study shows Tooke possessed a rich and extensive political economy, covering many aspects of economic activity relevant to key policy issues. Tooke’s political economy is shown to be a unified and coherent body of intellectual thought in the classical tradition which, like most of his nineteenth-century contemporaries, was much influenced by Adam Smith’s economics. More particularly, Tooke’s monetary thought, especially his novel banking school theory, is shown to be theoretically coherent from the standpoint of nineteenth-century classical economics. It is also shown that besides contributing toward a better understanding of the behaviour of monetary systems in general, key elements of Tooke’s banking school theory make an important contribution to explaining distribution, growth and price inflation in modern economics.

Full Product Details

Author:   Matthew Smith (University of Sydney, Australia)
Publisher:   Taylor & Francis Ltd
Imprint:   Routledge
Volume:   125
Weight:   0.453kg
ISBN:  

9781138807624


ISBN 10:   1138807621
Pages:   320
Publication Date:   23 June 2014
Audience:   College/higher education ,  Tertiary & Higher Education ,  Undergraduate
Format:   Paperback
Publisher's Status:   Active
Availability:   In Print   Availability explained
This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us.

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Matthew Smith is a Lecturer in Economics at the University of Sydney, Australia.

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