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Description - Thomas Tooke and the Monetary Thought of Classical Economics by Matthew Smith

This study provides a comprehensive account and reconsideration of the contribution to political economy of Thomas Tooke (1774-1858). It clarifies Tooke's monetary thought and its legacy to modern economics. The study shows Tooke possessed a rich and extensive political economy, covering many aspects of economic activity relevant to key policy issues. Tooke's political economy is shown to be a unified and coherent body of intellectual thought in the classical tradition which, like most of his nineteenth-century contemporaries, was much influenced by Adam Smith's economics. More particularly, Tooke's monetary thought, especially his novel banking school theory, is shown to be theoretically coherent from the standpoint of nineteenth-century classical economics. It is also shown that besides contributing toward a better understanding of the behaviour of monetary systems in general, key elements of Tooke's banking school theory make an important contribution to explaining distribution, growth and price inflation in modern economics.

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Book Details

ISBN: 9781138807624
ISBN-10: 1138807621
Format: Paperback / softback
(234mm x 156mm x mm)
Pages: 300
Imprint: Routledge
Publisher: Taylor & Francis Ltd
Publish Date: 23-Jun-2014
Country of Publication: United Kingdom

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Author Biography - Matthew Smith

Matthew Smith is a Lecturer in Economics at the University of Sydney, Australia.

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