The American economist, sociologist and pacifist Emily Greene Balch shared the Nobel Peace Prize in 1946 for the same anti-war activism for which she was not reappointed as a full professor of economics and sociology at Wellesley College in 1918. She was also notable as a defender of the...

This paper examines the relationship of the monetary economics of James Tobin to modern monetary theory, which has diverged in many ways from the directions taken by Tobin and his associates (for example, moving away from multi-asset models of financial market equilibrium and from monetary...

This paper contrasts Irving Fisher’s monetary analysis of Xuctuations in output and employment with the competing cyclical approach to analysing such Xuctuations, with particular attention to a series of articles in the 1920s in which Fisher challenged the widely prevailing notion that truly...

This paper examines the relationship of the monetary economics of James Tobin to modern monetary theory, which has diverged in many ways from the directions taken by Tobin and his associates (for example, moving away from multi-asset models of financial market equilibrium and from monetary...

This paper surveys the banking reform debates in the United States among quantity theorists and their opponents in the years from the banking panic of 1907 through the publication of Irving Fisher's The Purchasing Power of Money (with Harry G. Brown) to the creation of the Federal Reserve...