Edward Elgar Publishing - Pioneers in Economics Series Book

Explore the foundational theories of economic thought with this volume from the Pioneers in Economics series by Edward Elgar Publishing. This work examines the contributions of Thomas Tooke (1774-1858), Mountifort Longfield (1802-1884), and Richard Jones (1790-1855). Thomas Tooke is recognized as the founder of the contra-quantity theory of money. His research suggests that monetary policy has limited power to influence prices, as the money supply is a result of money expenditure rather than the cause of price changes. The text also covers his influential role as a free trade lobbyist and his work as a leading spokesman for the banking school against statutory currency control. Additionally, the book brings renewed attention to Mountifort Longfield. While long neglected by many, his work is now being recognized and praised by modern economists. This collection provides a deep look into the lives and theories of these significant figures in the history of economic science, making it a valuable resource for students and scholars of philosophy and social sciences.