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hal.structure.identifier
dc.contributor.authorde Boyer des Roches, Jérôme*
dc.date.accessioned2013-06-27T08:47:47Z
dc.date.available2013-06-27T08:47:47Z
dc.date.issued2013
dc.identifier.urihttps://basepub.dauphine.fr/handle/123456789/11495
dc.language.isoenen
dc.subjectAccounting pricesen
dc.subjectcompensated dollar planen
dc.subjectmoney pricesen
dc.subjectmoney pricesen
dc.subjectQuantity theory of moneyen
dc.subjectKemmerer, Edwin Walter (1875-1945)en
dc.subjectFisher, Irving (1867-1947)en
dc.subjectPatinkin, Marken
dc.subject.ddc339en
dc.subject.classificationjelB.B1.B13en
dc.subject.classificationjelE.E4.E40en
dc.titleThe missing equation in E.W. Kemmerer (1903) and I. Fisher (1892, 1911)en
dc.typeCommunication / Conférence
dc.description.abstractenIn his 1903 thesis - “Money and credit instruments in their relation to general prices” - published in 1907, E.W. Kemmerer argued that the market prices of goods cannot be determined by the equations of demand and supply of goods without introducing the “missing” equilibrium equation of monetary demand and monetary supply. Taking into account Patinkin’s (1965) distinction between money and accounting prices, we discuss Kemmerer’s theory in the light of Fisher’s (1892) analysis of the determination of the market prices of goods in his article - “Mathematical Investigations in the Theory and Value of Prices”. Then we consider Fisher (1911) when he introduced the “missing” transaction equation in The Purchasing Power of Money. Thereafter, we consider the hidden equation that enables Fisher to conceive his compensated dollar plan and show that he used two distinct equations to determine one price. In the hole, the theoretical basis of Fisher’s plan is not compatible with his quantity theory.en
dc.subject.ddclabelMacroéconomieen
dc.relation.conftitle17th ESHET Annual Conferenceen
dc.relation.confdate2013
dc.relation.confcityKingstonen
dc.relation.confcountryUnited Kingdomen
dc.relation.forthcomingnonen
dc.description.halcandidateoui
dc.description.readershiprecherche
dc.description.audienceInternational
dc.relation.Isversionofjnlpeerreviewednon
hal.identifierhal-01497401*
hal.version1*
hal.update.actionupdateMetadata*
hal.author.functionaut


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