Quantity Theory of Money – The Cobden Centre

Economics5 October 14<5 October 14

The velocity myth

by Alasdair Macleod

If there is one concept that illustrates the difference between a top-down macro-economic approach and the reality of everyday life it is the velocity…

Economics27 July 13<27 July 13

Mises’ monetary theory compared to other theories

by Robert Thorpe

Lots of people talk about “The” Quantity Theory of Money and “The” Equation-of-Exchange. The terms have a familiar feel to them, they’re part of…

Economics11 March 13<11 March 13

The relationship between money and prices

by Alasdair Macleod

The quantity theory of money and its accompanying equation of exchange are generally accepted as defining the relationship between money and prices. The equation…

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