Introduction -- Tooke's contributions -- Tooke's approach to value and distribution -- On Tooke's explanation of agricultural price movements -- An explanation of general price movements -- The monetary thought of the pre-banking school Tooke, 1819-1838 -- The monetary thought of the banking...

This paper argues that Thomas Tooke's (1773-1858) most important legacy to economics is not his conception of quot;endogenous moneyquot;, however important, but is instead his original proposition that the long-run quot;averagequot; rate of interest entered into the normal cost of production...

The leading theorist of the banking school, the main author of the monumental six-volume History of Prices (1838-1857) and the author of the brilliant pamphlet, An Inquiry into the Currency Principle (1844), Thomas Tooke (1774-1858) can be rightfully counted among the most prominent figures in...