Angell, James Waterhouse (1898–1986)

Abstract

From 1924 to 1966 Angell was a member of the faculty at Columbia University, but most of his original work on monetary economics was undertaken in the decade between 1926 and 1936. This particular timing, together with the fact that Angell worked within the framework of the quantity theory of money, probably goes a long way towards explaining his comparative neglect in subsequent years – for this was the decade dominated by Keynes and his headlong assault on the quantity theory. Yet Angell was no mere expositor of that theory, and in his two most important books he contributed to its development in ways which were not to become fashionable until the influence of Keynesianism began to subside in the 1960s and 1970s.

This chapter was originally published in The New Palgrave: A Dictionary of Economics, 1st edition, 1987. Edited by John Eatwell, Murray Milgate and Peter Newman