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(Hicks 1935 Economica) A Suggestion for Simplifying the Theory of Money
这篇论文是General Equilibrium Models of Monetary Economies,Studies in the Static Foundations of Monetary Theory这本书里的 Chapter 2
Hicks大师于1935发表在 Economica
In this essay Professor Hicks argues for the use of the microeconomic theory of optimizing behavior as the basis of monetary theory. He calls for the same sort of marginalist revolution that formed the modern theory of value.
Hicks notes that monetary and financial behavior and institutions represent accomodation to imperfections, 'frictions,' in other markets, particularly asset markets. His research program then is 'to look the frictions in the face, and see if they are really so refractory after all.' This is certainly the essential methodological view of the technical papers in this volume. The subsequent papers add the recognition that money is a tool for economic interaction among agents and goods to Hicks' requirement that difficulties of trade be made explicit. Hence it necessarily requires a multiple agent-multiple good (general equilibrium) model. This is very much the framework in which Hicks viewed goods markets in Value and Capital.
下面给出北京师范大学系统科学学院 钟华 博士 的文献研读报告Slides截图
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