Léon Walras and Augustin Cournot on the Regulation of Paper Money: Rules vs. Discretion at the End of the 19th Century
This paper compares Léon Walras’ and Augustin Cournot’s views on monetary regulation. It shows that whereas Cournot believed discretionary monetary regulation to be convenient and acceptable, Walras held that the only acceptable monetary system is based exclusively on the stability of the value of m...
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| Format: | Article |
| Language: | Spanish |
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Universidad Complutense de Madrid
2020-05-01
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| Series: | Iberian Journal of the History of Economic Thought |
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| Online Access: | https://revistas.ucm.es/index.php/IJHE/article/view/69402 |