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Robertson’s Banking Policy and the Price Level

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Cambridge and the Monetary Theory of Production
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Abstract

In Banking Policy and the Price Level (1926) Robertson brought together aspects of both the Cambridge approach to the quantity theory and the trade cycle and Hawtrey’s stocks-based analysis. It is, in many ways, the last great Marshallian work on the subject, for reasons which will become clear later.

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© 1990 Robert J. Bigg

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Bigg, R.J. (1990). Robertson’s Banking Policy and the Price Level. In: Cambridge and the Monetary Theory of Production. Palgrave Macmillan, London. https://doi.org/10.1057/9780230371217_11

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