Abstract
Money, Banking and Inflation focuses on such traditional central banking concerns as money stock control, price level stabilization, interest rates smoothing, exchange rate targeting, lender-of-last-resort responsibilities, limitations imposed by short-run trade-offs and non-neutralities, and appropriate responses to supply shocks. Three of the essays, however, digress from these themes to focus on geometrical diagrams employed in price theory and the theory of commercial policy. Virtually all the essays take an historical-doctrinal perspective which besides showing how these theories developed over time, allows them to be ranked according to their effectiveness in monetary controversies old and new.
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