about the Quantity Theory of Money, but he hesitated to probe too deeply into the political and ideological elements of its … history, perhaps leading him to underestimate their importance for the theory's evolution. -- money ; Quantity theory ; value … theory ; positive economics ; empiricism ; formalism ; bimetallism ; gold standard ; monetarism …

General Theory. 2) Hawtrey derived the principle of purchasing power parity to explain the determination of exchange rates … sensitivity a relationship between income and expenditure that would later be deployed by Keynes in the General Theory, which …

Commitment to the behaviorist approach to utility theory, to the usefulness of mathematics in economic analysis and to … the establishment of the Cowles Commission, institutions advancing economic theory in connection to mathematics and …

recession. It is an application of the Keynesian multiplier theory, which was expounded in Keynes' 1936 economic treatise, The … General Theory of Employment, Interest and Money. Post-1936 economic history has given the multiplier theory mixed reviews … economist and journalist. He discussed the multiplier theory in the 1840s, more than a generation before John Maynard Keynes …