Talk:Monetary economics

Classical monetary theory
Does it strike anyone as strange that this page and several others (the Chartalism and Monetary_circuit_theory pages, to name two) refer to something called "classical" or "mainstream" monetary theory, yet there doesn't appear to be any article describing what this theory is, who first proposed it, or even what it is called? My understanding is that chartalism is the mainstream view and that circuitism is the alternative view. I am not aware of anything called "mainstream monetary theory" that is distinct from chartalism. Is anyone else? If so, please create a page about it! RaulGroom (talk) 03:29, 7 October 2009 (UTC)

OK, after doing a bit of reading I now have a better understanding of what is going on here. It seems that there is an "orthodox" or mainstream view of monetary theory which is called "Metalism" or "M-form" theory and which holds that the value of money is necessarily linked in some way to the value of a commodity. What's confusing is that while this theory seems to still be the "mainstream" view among interested laypeople, it's not clear (at least to me) to what degree this view still dominates among actual economists, particularly economists who specialize in monetary theory. It seems that at the very least this page should make mention of "metalism" and should link to a wikipedia page describing this theory (no such page currently exists AFAIK.) Even better would be if the true state of modern thinking on the origins of money could be more conclusively established via citations of recent definitive works. 173.53.31.46 (talk) 15:53, 8 October 2009 (UTC)

Raul, if you are still interested in this topic and the metalism-chartalism controversy you may find this article sheds some light on the issue: http://www.cfeps.org/pubs/wp/wp10.html 95.160.102.220 (talk) 17:25, 6 April 2010 (UTC)

Current state of monetary economics
The section "Current state of monetary economics" contains only one paragraph, which was introduced on 4 December 2007, and as far as I can see no revisions have been made to it since then. It covers only a small portion of monetary economics, in a single paragraph that was cut-and-pasted from the article "Monetary policy". But the intro of this article lists twelve different areas that monetary economics studies.

Could someone with wide knowledge of monetary economics take on the task of expanding this section? Duoduoduo (talk) 02:12, 27 June 2010 (UTC)

Ways of improving article
In line with the previous section, I'd say the most direct and obvious way of improving the article might include expanding the first paragraph and the respective bulleted topics in the Lead using the footnoted linked sources to develop into a paragraph or 2 each in sections after the Lead, possibly with "Other references," that is, those not directly used, retained at the end of the paragraph(s), available for further consultation or elaboration.

In the meanwhile, the footnoted source links might be consulted. No one "owns" this article of course. And anyone who studies good sources may be in a good position to improve the article. Best wishes. P.S. Here are some general references from the Lead footnotes in the article that might also be used as a basis of organizing paragraphs or sections:
 * Robert W. Dimand, 2008. "macroeconomics, origins and history of" (abstract) and "monetary economics, history of" (abstract), The New Palgrave Dictionary of Economics. 2nd Edition.
 * James Tobin, 1992. “money,”  The New Palgrave Dictionary of Finance and Money, v. 2, pp. 770-79 & in 2008, The New Palgrave Dictionary of Economics. 2nd Edition. Table of Contents and Abstract. Reprinted in Tobin, 1996, Essays in Economics, v. 4, pp. 139-63.
 * Milton Friedman, [1987] 2008. "quantity theory of money." The New Palgrave Dictionary of Economics. 2nd Edition.  Abstract. Arrow-page searchable preview at John Eatwell et al., 1989, Money: The New Palgrave, pp. 1-40.
 * Narayana R. Kocherlakota. "monetary and fiscal policy overview,"   The New Palgrave Dictionary of Economics, 2008.  2nd Edition, Abstract.
 * Christina D. Romer and David H. Romer, 2007:2. "Monetary Economics," NBER Reporter Online.
 * Alan S. Blinder, 1997. "What Central Bankers Could Learn from Academics — and Vice Versa," Journal of Economic Perspectives, 11(2), pp. 3-19.

Alternative major subjects and overviews are also found in:
 * Handbook of Monetary Economics, Elsevier.
 * Friedman, Benjamin M., and Frank H. Hahn, ed., 1990. v. 1 links for description & contents and chapter-outline previews
 * _____, 1990. v. 2 links for description & contents and chapter-outline previews.
 * Friedman, Benjamin, and Michael Woodford, 2010. v. 3A & 3B links for description and chapter-abstract links.

Of course these are meant to suggest leads, not to foreclose possibilities. --Thomasmeeks (talk) 10:31, 8 October 2010 (UTC) --22:05, 19 February 2011 (UTC)

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Neutrality
The "History" section needs to be improved as it contains a lot of opinionated content, and also phrases like "presumably because", "carefully examined", "he failed to take the lessons" etc. BeŻet (talk) 15:29, 5 September 2018 (UTC)
 * I've copy edited the history section a little - does it still contain bias in your opinion? Jonpatterns (talk) 18:48, 23 October 2018 (UTC)
 * Thanks for your work, it's better, but a sentence like "his bank failed (...) perhaps because he failed to take the lessons of the Spanish Price Revolution seriously" is still something that shouldn't be here. We shouldn't be "guessing" what the reasons were. BeŻet (talk) 10:33, 24 October 2018 (UTC)

References (again)
Many of the references are multi references with many sources bungled into a single note. Each bungle is WP:Citation overkill for what it is referencing. To make matters worse the references also contain many symbols and html tags.

I propose breaking each ref bungle into individual refs. Then either removing superfluous ref, or expanding the article with references that contain additional information that is relevant to the article. Jonpatterns (talk) 18:48, 23 October 2018 (UTC)

Monetary economy
Monetary economy 2401:4900:4BC8:A5CF:5D84:2EEB:12E5:3AB7 (talk) 09:51, 6 October 2022 (UTC)