Wednesday, July 11, 2007

David Hume and Monetary Theory (amv)

There are two very nice papers on David Hume and his monetary theory. The first one,

David Hume's Monetary Theory Revisited: Was He Really a Quantity Theorist and an Inflationist? by Carl Wennerlind (2005; Journal of Political Economy) HT to fg!

has won ESHET's 'Best Article Competition' in 2006. It is a wonderful piece of economics.

The second paper is written by Mark Thornton, an Austrian Economist (not from Austria, but a member of the Austrian School of Economics):

Cantillon, Hume and the Rise of Anti-Mercantilism (2006).

Good stuff!