Money Demand and Supply
Mises, Ludwig von, The Theory of Money and Credit
The Theory of Money and Credit integrated monetary theory into the main body of economic analysis for the first time, providing fresh, new insights into the nature of money and its role in the economy and bringing Mises into the front rank of European economists.
Bagehot, Walter, Lombard Street
- Classic book describing the workings of the banking industry in London, with particular emphasis on the emerging concept of a Central Bank. This book influenced the subsequent structure and behavior of the Federal Reserve System and other national Central Banks.
Buchanan, James M. and Richard E. Wagner, Democracy in Deficit: The Political Legacy of Lord Keynes, specifically Chapter 8, Money-Financed Deficits and Political Democracy.
Hume, David, Essays, Moral Political and Literary, specifically, Of Money.
Laughlin, J. Laurence, The History of Bimetallism in the United States.
Leggett, William, Democratick Editorials: Essays in Jacksonian Political Economy, Compiled and edited by Lawrence H. White.
- Between 1834 and 1837, a youthful William Leggett switched from writing mediocre poetry to writing impassioned editorials in support of individual liberties and private property rights. Leggett’s writings on the banking industry and its relationship with the government constituted a major theme. Lawrence H. White has collected together Leggett’s best pieces on the topic (see Part II) from the pros and cons of chartering of the Bank of the United States, to gold standard versus paper money.
On Leggett’s untimely death from ongoing illness, his good friend and co-editor William Cullen Bryant penned this resounding verse:
IN MEMORY OF WILLIAM LEGGETT
The earth may ring, from shore to shore,
With echoes of a glorious name,
But he, whose loss our tears deplore,
Has left behind him more than fame.
For when the death-frost came to lie
On Leggett’s warm and mighty heart,
And quench his bold and friendly eye,
His spirit did not all depart.
The words of fire that from his pen
Were flung upon the fervid page,
Still move, still shake the hearts of men,
Amid a cold and coward age.
His love of truth, too warm, too strong
For Hope or Fear to chain or chill,
His hate of tyranny and wrong,
Burn in the breasts he kindled still.
~William Cullen Bryant, 1839
Say, John Baptiste, A Treatise on Political Economy, specifically Book I, Chapter XXI: Of the Nature and Uses of Money.
White, Lawrence H. and George Selgin, Why Private Banks and Not Central Banks Should Issue Currency, Especially in Less Developed Countries.
The Money and Banking Collection at the Online Library of Liberty
Friedman, Milton & Anna Schwartz, A Monetary History of the United States
Frydman, Roman and Edmund Phelps, Individual Forecasting and Economic Outcomes
Hayek, Friedrich, Contra Keynes and Cambridge
Hayek, Friedrich, Monetary Theory and the Trade Cycle
Lachmann, Ludwig, Capital and Its Structure
Lucas, Robert, Studies in Business Cycle Theory
Lucas, Robert, Models of Business Cycles
Robertson, D. H., Money
Taylor, John, (ed.), Monetary Policy Rules
White, Lawrence, Competition and Currency: Essays on Free Banking and Money
White, Lawrence, The Theory of Monetary Institutions
Yeager, Leland, The Fluttering Veil: Essays on Monetary Disequilibrium
See also: Inflation.