A Critique of the Gold Standard

Business & Finance, Economics, Comparative Economics, Economic Conditions, Economic History
Cover of the book A Critique of the Gold Standard by H. L. Puxley, Taylor and Francis
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Author: H. L. Puxley ISBN: 9781351258944
Publisher: Taylor and Francis Publication: November 8, 2017
Imprint: Routledge Language: English
Author: H. L. Puxley
ISBN: 9781351258944
Publisher: Taylor and Francis
Publication: November 8, 2017
Imprint: Routledge
Language: English

Originally published in 1933 this book discusses the inadequacy of ‘orthodox Gold Standard theory’ in the light of post-war monetary phenomena. In demonstrating that the Gold Standard had broken down the book explains that the Quantity Theory of Money is an inaccurate explanation of what happens over short periods and that the determining factor in the rise or fall of prices is the Velocity of Circulation. The book makes a plea for a workable Gold Standard operated by an international consortium of Central Banks.

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Originally published in 1933 this book discusses the inadequacy of ‘orthodox Gold Standard theory’ in the light of post-war monetary phenomena. In demonstrating that the Gold Standard had broken down the book explains that the Quantity Theory of Money is an inaccurate explanation of what happens over short periods and that the determining factor in the rise or fall of prices is the Velocity of Circulation. The book makes a plea for a workable Gold Standard operated by an international consortium of Central Banks.

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