Recently I have been giving quite a bit attention to the writings Gustav Cassel (and I plan more…), but I have failed to give any attention to the great British monetary economist Raplh G. Hawtrey. That is not really fair – Hawtrey and Cassel lived more or less at the same time and both played important roles in the debate and formulation of monetary policy and monetary thinking around the world in 1920s and 1930s.
Long ago David Glasner – one of my big heros and the blogger on uneasymoney.com – and Ronald W. Batchelder long ago wrote a paper on the monetary economics of both Cassel and Hawtrey – “Pre-Keynesian monetary theories of the Great Depression”. You should all read it.
David Glasner
/ October 27, 2011Lars, Thanks for your generous comment and the link to the paper on Hawtrey and Cassel, two of my heroes. I am hoping to post a revised version of the paper on SSRN in the not too distant future. I will let you know when it’s ready. Keep doing the terrific job that you are doing on this blog.