Monetarism and fixed rules in H.C. Simons
The comparison of H.C. Simons’ theories to those of Friedman and Keynes has resulted in confining the former to some of the issues debated in the recent controversies between the monetarist and the Keynesian schools. The present article demonstrates that a more balanced analysis of Simons’ theories...
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| Format: | Article |
| Language: | English |
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Associazione Economia civile
2013-10-01
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| Series: | PSL Quarterly Review |
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| Online Access: | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/10749 |
| _version_ | 1811172450649505792 |
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| author | M. TONVERONACHI |
| author_facet | M. TONVERONACHI |
| author_sort | M. TONVERONACHI |
| collection | DOAJ |
| description | The comparison of H.C. Simons’ theories to those of Friedman and Keynes has resulted in confining the former to some of the issues debated in the recent controversies between the monetarist and the Keynesian schools. The present article demonstrates that a more balanced analysis of Simons’ theories can modify some of the outcomes obtained. In particular, the author gives less importance to differences in monetary theory while placing more weight on those of a pre-analytic and general theoretical nature. This distinction is of use when it comes to a question which drives a deep gulf between modern monetarists and Keynesians - that of the choice between fixed rules and discretionary policies.
JEL: B22, B31
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| first_indexed | 2024-04-10T17:30:17Z |
| format | Article |
| id | doaj.art-67949f049d2148ad90d2a389748b2ffe |
| institution | Directory Open Access Journal |
| issn | 2037-3635 2037-3643 |
| language | English |
| last_indexed | 2024-04-10T17:30:17Z |
| publishDate | 2013-10-01 |
| publisher | Associazione Economia civile |
| record_format | Article |
| series | PSL Quarterly Review |
| spelling | doaj.art-67949f049d2148ad90d2a389748b2ffe2023-02-03T16:47:39ZengAssociazione Economia civilePSL Quarterly Review2037-36352037-36432013-10-013514110.13133/2037-3643/10749Monetarism and fixed rules in H.C. SimonsM. TONVERONACHIThe comparison of H.C. Simons’ theories to those of Friedman and Keynes has resulted in confining the former to some of the issues debated in the recent controversies between the monetarist and the Keynesian schools. The present article demonstrates that a more balanced analysis of Simons’ theories can modify some of the outcomes obtained. In particular, the author gives less importance to differences in monetary theory while placing more weight on those of a pre-analytic and general theoretical nature. This distinction is of use when it comes to a question which drives a deep gulf between modern monetarists and Keynesians - that of the choice between fixed rules and discretionary policies. JEL: B22, B31 https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/10749H.C. SimonsFriedmanKeynesMonetarismfixed rulesdiscretionary policy |
| spellingShingle | M. TONVERONACHI Monetarism and fixed rules in H.C. Simons PSL Quarterly Review H.C. Simons Friedman Keynes Monetarism fixed rules discretionary policy |
| title | Monetarism and fixed rules in H.C. Simons |
| title_full | Monetarism and fixed rules in H.C. Simons |
| title_fullStr | Monetarism and fixed rules in H.C. Simons |
| title_full_unstemmed | Monetarism and fixed rules in H.C. Simons |
| title_short | Monetarism and fixed rules in H.C. Simons |
| title_sort | monetarism and fixed rules in h c simons |
| topic | H.C. Simons Friedman Keynes Monetarism fixed rules discretionary policy |
| url | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/10749 |
| work_keys_str_mv | AT mtonveronachi monetarismandfixedrulesinhcsimons |