Journal of Scottish Philosophy 7 (1):65-85 (2009)

Abstract
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 first and most illustrious endorser of monetarism. This paper argues against this view, and in agreement with Joseph Schumpeter, that Hume's contribution to economics, while not insignificant, cannot claim any real novelties. It offers an interpretation of Hume as a descendant of a pre-modern understanding of money rather than a forerunner of modern monetary ideas, and as a scholar exposing common ideas of his time rather than a prophet of economic theories developed centuries later, and argues that there is little in Hume that resembles today's monetary policy prescriptions
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DOI 10.3366/E147966510800033X
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References found in this work BETA

David Hume : Principles of Political Economy.Andrew S. Skinner - 2008 - In David Fate Norton & Jacqueline Taylor (eds.), The Cambridge Companion to Hume. Cambridge University Press.

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Two Intellectual Landmarks in the Year 1749.Farhad Rassekh - 2019 - Journal of Scottish Philosophy 17 (2):101-123.

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