TY  - CHAP
AB  - Abstract Marshall, Pigou, and Keynes on one side of the Atlantic, and Fisher on the other, had different approaches to the quantity theory of money. But they shared its basic framework, with the result that theoretical discussions did not prevent some degree of mutual support on policy proposals. If a divergence there was, at this stage, this pertained the feasibility of Fisher’s proposals, because Fisher’s enthusiasm for reform could find no match at Cambridge. This notwithstanding, and although in varying degrees, Marshall, Pigou, and Keynes were sympathetic with Fisher’s battle for “stable money.” Indeed, a fragment from the Keynes Papers shows that, at a very early stage of his career, Keynes paid great attention to Fisher’s empirical research on the relationship between “Appreciation and interest,” taking the relation between nominal and real rates of interest as a possible explanation of the trade cycle. For some time at least, this widened the common ground upon which Fisher’s proposals for “stable money” could find some support at Cambridge.
VL  - 34B
SN  - 978-1-78560-962-6, 978-1-78560-961-9/0743-4154
DO  - 10.1108/S0743-41542016000034B003
UR  - https://doi.org/10.1108/S0743-41542016000034B003
AU  - Cristiano Carlo
PY  - 2016
Y1  - 2016/01/01
TI  - J. M. Keynes’s Lectures on Fisher in 1909☆
T2  - Research in the History of Economic Thought and Methodology
T3  - Research in the History of Economic Thought and Methodology
PB  - Emerald Group Publishing Limited
SP  - 367
EP  - 401
Y2  - 2024/04/25
ER  -