This survey paper argues that Walrasian markets and monetary exchan ge are alternative, not complementary, arrangements for coordinating economic activity; that if one realizes this, many informational anomalies and price rigidities that appear "irrational" in a Walrasia n context can be...

David Laidler is one of the leading scholars in the history of economic thought and macroeconomics. This important collection brings together nineteen of his essays on topics in the history of macroeconomics. It begins with a paper on Adam Smith and ends with a discussion of the implications of...

<title>Abstract</title> Irving Fisher's encounter with the Quantity Theory of Money began in the 1890s, during the debate about bimetallism, and reached its high point in 1911 with the publication of <italic>The Purchasing Power of Money.</italic> His most important refinement of the theory, derived from his recognition of...

Money and Macroeconomics is a significant collection of David Laidler’s most important papers on the so-called ‘monetarist counter-revolution’. This volume contains both published and unpublished examples of his influential contribution, detailing empirical work on the demand for money,...

David Laidler is one of the leading scholars in the history of economic thought and macroeconomics. This important collection brings together nineteen of his essays on topics in the history of macroeconomics. It begins with a paper on Adam Smith and ends with a discussion of the implications of...

The Foundations of Monetary Economics presents an authoritative collection of key articles on monetary economics – one of the most contentious areas of economics. David Laidler – who has himself made important contributions – has selected those articles which are essential to an...