The Economic Thought of Henry Calvert Simons: Crown Prince of the Chicago School, 1st Edition (Hardback) book cover

The Economic Thought of Henry Calvert Simons

Crown Prince of the Chicago School, 1st Edition

By G.R. Steele

Routledge

192 pages

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Description

Drawing on years of research, Gerald Steele delves into the diverse ideas of Henry Simons, a neglected economist whose work in the 1930s on monetary and financial instability is extremely relevant to today’s debates about commercial bank credit, the interdependence of fiscal and monetary policy, and financial regulation.

Steele describes the emergence of the first Chicago school of economics and its distinctive difference to the School subsequently associated with the Monetarism of Milton Friedman, and shows how Simons provides the basis for what is now referred to as ‘the fiscal theory of the price level’ and how this differs from the monetarist attempt to control prices by controlling the supply of broad money.

This book will be of interest to advanced students and researchers of the history of economic thought, economic history, macroeconomics and banking and finance.

Table of Contents

Preface 1. Introduction 2. Libertarian Philosophy 3. Economics and the Chicago School 4. The Chicago Plan: The Background 5. The Chicago Eight, Plus Four, Plus One 6. The Chicago Plan 7. Monetary Rules 8. Monetarism and Fiscal Monetarism 9. Business, Bankers and Bubbles 10. Taxation 11. Islamic Banking and Finance 12. Final Comments

About the Author

G.R. Steele is Reader in Economics at Lancaster University. His research interests include the economics and political philosophy of Friedrich Hayek, and he has pursued a general inquiry into the development of ideas relating to problems of a money economy.

In 2007, he delivered the F. A. Hayek Memorial Lecture, Austrian Scholars Conference, Mises Institute. In 2010 he was Visiting Professor at the University of Economics, Prague, when he delivered the František Cuhel Memorial Lecture, Conference on Political Economy, at the Cevro Institute.

About the Series

Routledge Studies in the History of Economics

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Subject Categories

BISAC Subject Codes/Headings:
BUS000000
BUSINESS & ECONOMICS / General
BUS004000
BUSINESS & ECONOMICS / Banks & Banking
BUS023000
BUSINESS & ECONOMICS / Economic History
BUS039000
BUSINESS & ECONOMICS / Economics / Macroeconomics
BUS051000
BUSINESS & ECONOMICS / Public Finance
BUS069000
BUSINESS & ECONOMICS / Economics / General
BUS069030
BUSINESS & ECONOMICS / Economics / Theory