tailieunhanh - History of Economic Analysis part 109

History of Economic Analysis part 109. At the time of his death in 1950, Joseph Schumpeter-one of the major figures in economics during the first half of the 20th century-was working on his monumental History of Economic Analysis. A complete history of humankind's theoretical efforts to understand economic phenomena from ancient Greece to the present, this book is an important contribution to the history of ideas as well as to economics. | History of economic analysis 1042 2 The gold-exchange standard was essentially a practitioner s idea. Scientific analysis had little if anything to do with the discovery. There are however a number of critical interpretations of the exchange standard by scientific economists of which it must suffice to mention Mises The Foreign-Exchange Policy of the Austro-Hungarian Bank Economic Journal June 1909 Indian Currency and Finance 1913 Fritz Machlup Die Goldkernwahrung 1925 The Gold-Exchange Standard Economic Journal June 1909 and a series of important papers and reports by see . his analysis of the case of the Straits Settlements in Political Science Quarterly XIX and XXI December 1904 and December 1906 . 3 It is however quite impossible to sample that torrent of publications. Instead I shall mention two works of undoubted scientific standing that may serve as an introduction to the popular literature also Treatise on Money and Essays on Monetary Problems 1888 and International Bimetallism 1896 . There was a Bimetallic League whose many publications are recommended to readers desirous of going further into the subject. Additional material is to be found in the reports and other writings of Horton next to Walker the leading American advocate of international bimetallism. The outstanding purely analytic performance on bimetallism is that of Walras Éléments leçons 31 and 32 . 4 On these conferences whose reports contain many contributions of analytical merit see International Monetary Conferences 1898 . that an international gold reserve be deposited in a neutral country and that international banknotes be issued on the basis of this reserve the idea that though in an entirely different form was to be partly realized by the International Fund of Bretton Woods fame. d Stabilization and Monetary Management. The chief appeal of the bimetallist argument at least for people not directly .