Although David Hume's contributions to philosophy are firmly established, his economics
has been largely overlooked. A Philosopher's Economist offers the definitive account of …

The distinction between the 'classical'monetary theory and 'quantity'theory has been
proposed in literature on money and banking. The overall feature of the classical theory of …

Abstract After the 2008 Financial Crisis, The Central Bank is Turkey as well as many
countries, has implemented a policy of increasing the money supply. It is a known fact that …

David Hume's classic statement of the quantity theory of money and the specie-flow
mechanism of international adjustment in 1752 and Irving Fisher's authoritative restatement …

David Hume opposes banks and favors hoarding. The only bank he reluctantly approves of
is a public, 100% reserve bank. Other banks increase money supply and prices, hindering …

Hume's Political Discourses (1752) won immediate acclaim and positioned him as an
authoritative figure on the subject of political economy. This volume of thirteen new essays …

Monetary policy is a modern idea of which David Hume is generally considered a precursor.
Moreover, thanks to Milton Friedman and Robert Lucas, he is often presented as one of the …

In his 1752 essay Of Money, David Hume proposes that a «good policy» for a magistrate
would be to keep money «still encreasing». This paper proposes that, for Hume, money can …

This study explores the role of financial sector on import demand behaviour (the real sector)
from general equilibrium perspective, which is based on the portfolio balance approach to …

Hume's political economy is grounded in the twin assumptions that people face a natural
environment of scarcity and that they lack generosity toward each other. For people to form …