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Money and Business Cycles in Britain, 1870–1913

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Book cover Business Cycles

Part of the book series: International Economic Association ((IEA))

Abstract

Friedman and Schwartz’s work on the monetary history of the USA, especially the evidence presented in ‘Money and Business Cycles’(1963) had a profound impact on our views on the American economy. Their work drew attention to the need for similar studies of other countries. But surprisingly no long-period study of the cycle after 1870 was ever carried out for Britain. Even more surprisingly in the latest and avowedly quantitative economic history textbook on Britain (Floud and McCloskey, 1981) there is no chapter on money. There is a brief dismissal of the role of money in the cycle.

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Author information

Authors and Affiliations

  1. City University, London, UK

    Forrest Capie

Authors
  1. Forrest Capie
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Editor information

Niels Thygesen Kumaraswamy Velupillai Stefano Zambelli

Copyright information

© 1991 International Economic Association

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Cite this chapter

Capie, F. (1991). Money and Business Cycles in Britain, 1870–1913. In: Thygesen, N., Velupillai, K., Zambelli, S. (eds) Business Cycles. International Economic Association. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-11570-9_9

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