About: The Origins of the Income Theory of Money

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rdf:type	skos:Concept http://linked.opendata.cz/ontology/domain/vavai/Vysledek
rdfs:seeAlso	http://nho.econ.muni.cz/14-2014/4-2014/origins-income-theory-money
Description	The income theory of money was conceived in the 19th century, and in the first half of the 20th century it formed the backbone of all the main monetary approaches of the time. Yet, since it did so mostly implicitly rather than explicitly, and since the later developments moved economic theory in a different direction, the income theory of money is hardly remembered at present. While mainly accounting for the origins of the approach, I am also offering a brief comparison with the present mainstream economics and I shortly address the question of the possible future of the theory too. The income theory of money explains how nominal prices are formed by interaction of nominal expenditures streams with real streams of goods sold. While various ideas leading to this theory were expressed already by John Law, Richard Cantillon, and Jean- Baptiste Say, it is perhaps only Thomas Tooke whom we might want to call the originator of the theory. The income theory of money was conceived in the 19th century, and in the first half of the 20th century it formed the backbone of all the main monetary approaches of the time. Yet, since it did so mostly implicitly rather than explicitly, and since the later developments moved economic theory in a different direction, the income theory of money is hardly remembered at present. While mainly accounting for the origins of the approach, I am also offering a brief comparison with the present mainstream economics and I shortly address the question of the possible future of the theory too. The income theory of money explains how nominal prices are formed by interaction of nominal expenditures streams with real streams of goods sold. While various ideas leading to this theory were expressed already by John Law, Richard Cantillon, and Jean- Baptiste Say, it is perhaps only Thomas Tooke whom we might want to call the originator of the theory. (en)
Title	The Origins of the Income Theory of Money The Origins of the Income Theory of Money (en)
skos:prefLabel	The Origins of the Income Theory of Money The Origins of the Income Theory of Money (en)
skos:notation	RIV/00216224:14560/14:00077985!RIV15-MSM-14560___
http://linked.open...avai/riv/aktivita	S
http://linked.open...avai/riv/aktivity	S
http://linked.open...iv/cisloPeriodika	4
http://linked.open...vai/riv/dodaniDat	2015
http://linked.open...aciTvurceVysledku	Menšík, Josef
http://linked.open.../riv/druhVysledku	J - Článek v odborném periodiku
http://linked.open...iv/duvernostUdaju	S - Úplné a pravdivé údaje nepodléhající ochraně podle zvláštních právních předpisů
http://linked.open...titaPredkladatele	Masarykova univerzita / Ekonomicko-správní fakulta
http://linked.open...dnocenehoVysledku	35172
http://linked.open...ai/riv/idVysledku	RIV/00216224:14560/14:00077985
http://linked.open...riv/jazykVysledku	eng - angličtina
http://linked.open.../riv/klicovaSlova	Money; Prices; History of Economic Thought; Thomas Tooke; John Stuart Mill; Knut Wicksell; Friedrich Wieser; The Income Theory of Money; The Income Approach to Money; The Income Theory of Prices (en)
http://linked.open.../riv/klicoveSlovo	History of Economic Thought Money Prices Friedrich Wieser Knut Wicksell The Income Approach to Money The Income Theory of Money The Income Theory of Prices Thomas Tooke John Stuart Mill
http://linked.open...odStatuVydavatele	CZ - Česká republika
http://linked.open...ontrolniKodProRIV	[8FDA5349F9FE]
http://linked.open...i/riv/nazevZdroje	Národohospodářský obzor – Review of Economic Perspectives
http://linked.open...in/vavai/riv/obor	AH
http://linked.open...ichTvurcuVysledku	1 (xsd:int)
http://linked.open...cetTvurcuVysledku	1 (xsd:int)
http://linked.open...UplatneniVysledku	2014
http://linked.open...v/svazekPeriodika	14
http://linked.open...iv/tvurceVysledku	Menšík, Josef
issn	1213-2446
number of pages	19 (xsd:int)
http://bibframe.org/vocab/doi	10.1515/revecp-2015-0005
http://localhost/t...ganizacniJednotka	14560

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