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In putting together this collection of published articles, the editor selected papers that together give an overview of the issues with which monetary economics deals, as well as a sampling of papers representing the efforts of earlier generations to deal with those same issues. Certain topics are omitted or dealt with only briefly, in particular, financial intermediation, international monetary economics, the economics of inflation, and new classical monetary economics. The three volumes are arranged in topical divisions, and within each division, papers are printed in the chronological order in which they were first written. Volume 1 contains 29 papers on the origins of money, cash in advance, overlapping generations and legal restrictions, and theories of and empirical studies in the demand for money. Volume 2 comprises 16 papers in sections on money, prices, and output; money in general equilibrium, and disequilibrium; money and clearing markets; credit market effects; monetary explanations of the cycle; and money and the Great Depression. Volume 3 (26 articles): money and growth, welfare, monetary policy and the price level, rational expectations and monetary policy, central banking, and free banking and the new monetary economics. Each volume is indexed by name only. Annotation c. Book News, Inc., Portland, OR (booknews.com)

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[Volume. 1]----------
CONTENTS
Acknowledgements = ⅸ
Introduction / David Laidler = xi
PART Ⅰ THE ORIGINS OF MONEY
 1. Karl Menger(sic.)(1892), 'On the Origin of Money', Economic Journal, Translated from the German by Caroline A. Foley, M.A., Ⅱ(6), June, 239-55 = 3
 2. Karl Brunner and Allan H. Meltzer(1971), 'The Uses of Money : Money in the Theory of an Exchange Economy', American Economic Review, LXI(5), December, 784-805 = 20
 3. Joseph M. Ostroy(1973), 'The Informational Efficiency of Monetary Exchange', American Economic Review, LXIII(4), September, 597-610 = 42
 4. Robert A. Jones(1976), 'The Origin and Development of Media of Exchange', Journal of Political Economy, 84(4), Part 1, August, 757-75 = 56
 5. Armen A. Alchian(1977), 'Why Money?', Journal of Money, Credit, and Banking, Ⅸ(1), Part 2, February, 133-40 = 75
 6. Nobuhiro Kiyotaki and Randall Wright(1989), 'On Money as a Medium of Exchange', Journal of Political Economy, 97(4), August, 927-54 = 83
 7. Toni Gravelle(1996), 'What is Old is New Again', Manchester School, LXIV(4), December, 388-404 = 111
PART Ⅱ CASH IN ADVANCE
 8. Robert Clower(1967), 'A Reconsideration of the Microfoundations of Monetary Theory', Western Economic Journal, Ⅵ(1), December, 1-8 = 131
 9. Meir Kohn(198 1), 'In Defense of the Finance Constraint', Economic Inquiry, XIX(2), April, 177-95 = 139
PART Ⅲ OVERLAPPING GENERATIONS AND LEGAL RESTRICTIONS
 10. Paul A. Samuelson(1958), 'An Exact Consumption-Loan Model of Interest With or Without the Social Contrivance of Money', Journal of Political Economy, LXVI(6), December, 467-82 = 161
 11. Bennett T. McCallum(1983), 'The Role of Overlapping-Generations Models in Monetary Economics', in Karl Brunner and Allan H. Meltzer(eds), Money, Monetary Policy and Financial Institutions, Carnegie-Rochester Conference Series on Public Policy, 18, Amsterdam : North-Holland, 9-44 = 177
 12. Neil Wallace(1988), 'A Suggestion for Oversimplifying the Theory of Money', Economic Journal(Conference Papers), 98, 25-36 = 213
PART Ⅳ THEORIES OF THE DEMAND FOR MONEY
 13. F.Y Edgeworth, Esq., M.A.(1888), 'The Mathematical Theory of Banking', Journal of the Royal Statistical Society, LI(1), March, 113-27 = 227
 14. A.C. Pigou(1917), 'The Value of Money', Quarterly Journal of Economics, XXXII(1), November, 38-65 = 242
 15. S.P. Chambers(1934-35), 'Fluctuations in Capital and the Demand for Money', Review of Economic Studies, Ⅱ, 38-50 = 270
 16. J.R. Hicks(1935), 'A Suggestion for Simplifying the Theory of Money', Economica, Ⅱ(5-8), New Series, February, 1-19 = 283
 17. J.C. Gilbert(1953), 'The Demand for Money : The Development of an Economic Concept', Journal of Political Economy, LXI(2), April, 144-59 = 302
 18. Milton Friedman(1956), 'The Quantity Theory of Money - A Restatement', in Milton Friedman(ed.), Studies in the Quantity Theory of Money, Chicago and London : University of Chicago Press, 3-21, appendix, 252-7 = 318
 19. William J. Baumol(1952), 'The Transactions Demand for Cash : An Inventory Theoretic Approach', Quarterly Journal of Economics, 66, November, 545-56 = 343
 20. J. Tobin(1958), 'Liquidity Preference as Behavior Towards Risk', Review o Economic Studies, XXV(2), No. 67, February, 65-86 = 355
 21. Merton H. Miller and Daniel Orr(1966), 'A Model of the Demand for Money by Firms', Quarterly Journal of Economics, 80, August, 413-35 = 377
 22. Maurice D. Weinrobe(1972), 'A Simple Model of the Precautionary Demand for Money', Southern Economic Journal, XXXIX(1), July, 11-18 = 400
 23. M.R. Gray and J.M. Parkin(1973), 'Portfolio Diversification as Optimal Precautionary Behaviour', in M. Morishima et al., Theory of Demand : Real and Monetary, Chapter XII, Oxford : Clarendon Press, 301-15 and references = 408
 24. Lars E.O. Svensson(1985), 'Money and Asset Prices in a Cash-in-Advance Economy', Journal of Political Economy, 93(5), October, 919-44 = 424
PART Ⅴ EMPIRICAL STUDIES OF THE DEMAND FOR MONEY
 25. A.J. Brown(1939), 'Interest, Prices, and the Demand Schedule for Idle Money', Oxford Economic Papers, 2, May, 46-69 = 453
 26. Allan H. Meltzer(1963), 'The Demand for Money : The Evidence from the Time Series', Journal of Political Economy, LXXI(3), June, 219-46 = 477
 27. Edgar L. Feige(1967), 'Expectations and Adjustments in the Monetary Sector', American Economic Review, LVII(2), May, 462-73 = 505
 28. Michael D. Bordo.and Lars Jonung(1990), 'The Long-Run Behavior of Velocity : The Institutional Approach Revisited', Journal of Policy Modeling, 12(2), Summer, 165-97 = 517
 29. William A. Barnett, Douglas Fisher and Apostolos Serletis(1992), 'Consumer Theory and the Demand for Money', Journal of Economic Literature, XXX(4), December, 2086-119 = 550
Name Index = 585
[Volume. 2]----------
CONTENTS
Acknowledgements = ⅸ
An Introduction by the editor to all three volumes appears in Volume Ⅰ
PART Ⅰ MONEY, PRICES AND OUTPUT
 1. Knut Wicksell(1907), 'The Influence of the Rate of Interest on Prices', Economic Journal, XVII(66), June, 213-20 = 3
 2. R.F. Harrod(1937), 'Mr. Keynes and Traditional Theory', Econometrica, 5, January, 74-86 = 11
 3. J.R. Hicks(1937), 'Mr. Keynes and the "Classics" ; A Suggested Interpretation', Econometrica, 5, April, 147-59 = 24
 4. Franco Modigliani(1944), 'Liquidity Preference and the Theory of Interest and Money', Econometrica, 12, January, 45-88 = 37
 5. Don Patinkin(1952), 'Price Flexibility and Full Employment', in Friedrich A. Lutz and Lloyd W. Mints(eds), Readings in Monetary Theory, Chapter 13, London : George Allen and Unwin Ltd, 252-83 [originally published in American Economic Review, XXXVIII, 1948,543-64] = 81
PART Ⅱ MONEY IN GENERAL EQUILIBRIUM AND DISEQUILIBRIUM
 6. G.C. Archibald and R.G. Lipsey(1958), 'Monetary and Value Theory : A Critique of Lange and Patinkin', Review of Economic Studies, XXVI(1), No. 69, October, 1-22 = 115
 7. James Tobin(1969), 'A General Equilibrium Approach To Monetary Theory', Journal of Money, Credit, and Banking, Ⅰ(1), February, 15-29 = 137
 8. Robert J. Barro and Herschel I. Grossman(1971), 'A General Disequilibrium Model of Income and Employment', American Economic Review, LXI, March, 82-93 = 152
 9. P.W. Howitt(1974), 'Stability and the Quantity Theory', Journal of Political Economy, 82(1), January／February, 133-51 = 164
 10. Axel Leijonhufvud(1973), 'Effective Demand Failures', Swedish Journal of Economics, 75(1), March, 27-48 = 183
 11. Peter D. Jonson(1976), 'Money, Prices and Output : An Integrative Essay', Kredit und Kapital, 4, 499-518 = 205
PART Ⅲ MONEY AND CLEARING MARKETS
 12. Robert E. Lucas, Jr.(1972), 'Expectations and the Neutrality of Money', Journal of Economic Theory, 4, 103-24 = 227
 13. Timothy D. Lane(1990), 'Costly Portfolio Adjustment and the Short-Run Demand for Money', Economic Inquiry, XXVIII(3), July, 466-87 = 249
PART Ⅳ CREDIT MARKET EFFECTS
 14. Joseph E. Stiglitz and Andrew Weiss(1981), 'Credit Rationing in Markets with Imperfect Information', American Economic Review, LXXI(3), June, 393-410 = 273
 15. Ben S. Bernanke and Alan S. Blinder(1988), 'Credit, Money, and Aggregate Demand', American Economic Review, LXXVIII(2), May, 435-9 = 291
PART V MONETARY EXPLANATIONS OF THE CYCLE
 16. Irving Fisher(1923), 'The Business Cycle Largely A "Dance of the Dollar"', Journal of the American Statistical Association, XVIII(144), December, 1024-8 = 299
 17. D.H. Robertson(1928), 'Theories of Banking Policy', Economica, Ⅷ(22-24), June, 131-46 = 304
 18. R.G. Hawtrey(1929), 'The Monetary Theory of the Trade Cycle', Economic Journal, XXXIX, December, 636-42 = 320
 19. Friedrich A. von Hayek(1939), 'Price Expectations, Monetary Disturbances and Malinvestments', in Profits, Interest and Investment : And Other Essays on the Theory of Industrial Fluctuations, Chapter Ⅳ, London : George Routledge and Sons, Ltd, 135-56 = 327
 20. Clark Warburton(1952), 'The Misplaced Emphasis in Contemporary Business-Fluctuation Theory', in Friedrich A. Lutz and Lloyd W. Mints(eds), Readings in Monetary Theory, London : George Allen and Unwin Ltd, 284-318 = 349
 21. Milton Friedman and Anna J. Schwartz(1963), 'Money and Business Cycles' and 'Comments' by Hyman P. Minsky, Arthur M. Okun and Clark Warburton, Review of Economics and Statistics, XLV, February, 32-64, 64-72, 72-7 and 77-8 = 384
 22. Robert E. Lucas, Jr.(1977), 'Understanding Business Cycles', in Karl Brunner and Allan H. Meltzer(eds), Stabilization of the Domestic and International Economy, Amsterdam, New York and Oxford : North-Holland Publishing Company, 7-29 = 431
 23. Leland B. Yeager(1986), 'The Significance of Monetary Disequilibrium', Cato Journal, 6(2), Fall, 369-99 = 454
PART Ⅵ MONEY AND THE GREAT DEPRESSION
 24. Irving Fisher(1933), 'The Debt-Deflation Theory of Great Depressions', Econotnetrica, 1, 337-57 = 487
 25. Lauchlin Currie(1934), 'The Failure of Monetary Policy to Prevent the Depression of 1929-32', Journal of Political Economy, XLII(2), April, 145-77 = 508
 26. Ben S. Bernanke(1983), 'Nonmonetary Effects of the Financial Crisis in the Propagation of the Great Depression', American Economic Review, LXXIII(3), June, 257-76 = 541
Name Index = 561
[Volume. 3]----------
CONTENTS
Acknowledgements = ⅸ
An Introduction by the editor to all three volumes appears In Volume Ⅰ
PART Ⅰ MONEY AND GROWTH
 1. James Tobin(1965), 'Money and Economic Growth', Econometrica, 33(4), October, 671-84 = 3
 2. Miguel Sidrauski(1967), 'Rational Choice and Patterns of Growth in a Monetary Economy', American Economic Review, LVII(2), May, 534-44 = 17
 3. Joel Fried(1973), 'Money, Exchange and Growth', Western Economic Journal, XI(3), September, 285-301 = 28
PART Ⅱ MONEY AND WELFARE
 4. Martin J. Bailey(1956), 'The Welfare Cost of Inflationary Finance', Journal of Political Economy, LXIV(2), April, 93-110 = 47
 5. Harry G. Johnson(1969), 'Inside Money, Outside Money, Income, Wealth, and Welfare In Monetary Theory', Journal of Money, Credit, and Banking, Ⅰ(1), February, 30-45 = 65
 6. A. Leijonhufvud(1977), 'Costs and Consequences of Inflation', in G.C. Harcourt(ed.), The Microeconomic Foundations of Macroeconomics, Chapter 9, London : Macmillan Press Ltd(for the International Economic Association), 265-98 = 81
 7. Dwight Jaffee and Ephraim Kleiman(1977), 'The Welfare Implications of Uneven Inflation', in Erik Lundberg(ed.), Inflation Theory and Anti-inflation Policy, London : Macmillan Press Ltd(for the International Economic Association), 285-307 = 115
PART Ⅲ MONETARY POLICY AND THE PRICE LEVEL
 8. Alfred Marshall(1925), 'Remedies for Fluctuations of General Prices(1887)', in A.C. Pigou, M.A.(ed.), Memorials of Alfred Marshall, Chapter Ⅷ, London : Macmillan and Co., Limited, 188-211 = 141
 9. Irving Fisher(1913), 'A Remedy for the Rising Cost of Living : Standardizing the Dollar', American Ecotiotnic Review, December, Ⅲ(1), Supplement, March, 20-28 = 165
 10. Henry C. Simons(1936), 'Rules Versus Authorities in Monetary Policy', Journal of Political Economy, XLIV(1), February, 1-30 = 174
 11. Milton Friedman(1968), 'The Role of Monetary Policy', American Economic Review, LVIII(1), March, 1-17 = 204
PART Ⅳ RATIONAL EXPECTATIONS AND MONETARY POLICY
 12. Thomas J. Sargent and Neil Wallace(1976), 'Rational Expectations and the Theory of Economic Policy', Journal of Monetary Economics, 2(2), April, 169-83 = 223
 13. Edmund S. Phelps and John B. Taylor(1977), 'Stabilizing Powers of Monetary Policy under Rational Expectations', Journal of Political Economy, 85(1), February, 163-90 = 238
 14. Stanley Fischer(1977), 'Long-Term Contracts, Rational Expectations, and the Optimal Money Supply Rule', Journal of Political Economy, 85(1), February, 191-205 = 266
 15. Peter Howitt(1981), 'Activist Monetary Policy under Rational Expectations', Journal of Political Economy, 89(2), April, 249-69 = 281
PART Ⅴ CENTRAL BANKING
 16. Michael Parkin and Robin Bade(1977), 'Central-Bank Laws and Monetary Policies : A Preliminary Investigation', in Michael G. Porter(ed.), The Australian Monetary System in the 1970s, Distributed in collaboration with the Economic Society of Australia and New Zealand, 24-39 = 305
 17. Thomas J. Sargent and Neil Wallace(1981), 'Some Unpleasant Monetarist Arithmetic', Federal Reserve Batik of Minneapolis Quarterly Review, 5(3), Fall, 1-7, and appendices and references, 8-7 = 321
 18. Robert J. Barro and David B. Gordon(1983), 'A Positive Theory of Monetary Policy in a Natural Rate Model', Journal o Political Economy, 91(4), August, 589-610 = 338
 19. Robert J. Barro(1986), 'Recent Developments in the Theory of Rules Versus Discretion', Economic Journal, 96, March, Supplement(Conference Papers), 23-37 = 360
 20. Carl E. Walsh(1995), 'Optimal Contracts for Central Bankers', American Economic Review, LXXXV(1), March, 150-67 = 375
 21. Bennett T. McCallum(1995), 'Two Fallacies Concerning Central-Bank Independence', American Economic Review, LXXXV(2), May, 207-11 = 393
 22. Stanley Fischer(1994), 'Modern Central Banking', in Forrest Capie, Charles Goodhart, Stanley Fischer and Norbert Schnadt(eds), The Future of Central Banking : The Tercentenary Symposium of the Bank of England, Chapter 2, Cambridge : Cambridge University Press, 262-308 = 398
PART Ⅵ FREE BANKING AND THE NEW MONETARY ECONOMICS
 23. Benjamin Klein(1974), 'The Competitive Supply of Money', Journal of Money, Credit, and Banking, Ⅵ(4), November, 423-53 = 447
 24. Eugene F. Fama(1980), 'Banking in the Theory of Finance', Journal of Monetary Economics, 6(1), January, 39-57 = 478
 25. Kevin D. Hoover(1988), 'Money, Prices and Finance in the New Monetary Economics', Oxford Economic Papers, 40(1), March, 150-67 = 497
 26. George A. Selgin and Lawrence H. White(1994), 'How Would the Invisible Hand Handle Money?', Journal of Economic Literature, XXXII(4), December, 1718-49 = 515
Name Index = 547