The leading theorist of the Banking School and author of the monumental six volume History of Prices(1838-1857) and the brilliant pamphlet, An Inquiry into the Currency Principle (1844), Thomas Tooke (1774-1858) is one of the most prominent figures in nineteenth century monetary thought. This...

A monetary explanation of distribution consists of the conception that the distribution of income between wages and profits is primarily determined by the money rate of interest on the basis as an institutionally determined policy variable, it systematically governs the rate of profit, which,...

In a world in which 50 percent of the population is virtually excluded from the benefits of information and communication technology, bridging the digital gap has become an imperative for the international community, particularly for the industrialized countries. The objective of this study is...

This empirical note provides updated empirical evidence regarding whether a higher inflation rate of real prices on crude oil and whether real oil price shocks led to higher domestic inflation in the U.S. over the 1965-2012 period. Using autoregressive two stage least squares estimation, the...

This paper builds upon the Keynesian theory of demand-led growth in order to provide an analytical framework for explaining economic growth and development in concrete terms, consistent with the fundamental idea that growth in output and employment is determined by the growth in aggregate...

This article examines Thomas Tooke's (1773–1858) position on the English Corn Laws from 1815 until their repeal in 1846. It shows that like most classical economists, Tooke was a strong supporter of free trade who vehemently opposed the Corn Laws, believing that they generally contributed...

This paper develops upon the Keynesian theory of demand-led growth in order to provide an analytical framework conducive to explaining economic growth and development in concrete terms consistent with the fundamental idea that growth in output and employment is determined by the growth in...