This book examines and extends the work of David Laidler, one of the world's most important economists, with particular attention to the areas of monetary economics, public policy and history of thought. The breadth and scope of the chapters reflect the range of Laidler's intellectual achievements, and are a definitive tribute to his outstanding contribution to economics. The volume brings together some of the world's leading economists, contributors include Milton Freidman, Axel Leijunhufud, Michael Bordo, Anna Schwartz, in addition to central bankers, think tank directors and political scientists. It will be essential reading for all interested in monetary economics and the history of economic thought.
List of Charts, Figures and Tables
Preface by James Davies and Robert Leeson
Foreword by Otmar Issing and Axel Leijonhufvud
1 Interview with David Laidler by Filippo Cesarano and Charles Freedman and Charles Goodhart and Robert Leeson and William Robson and Nick Rowe and Roger Sandilands and Robert Young
2 David Laidler's Contributions by Charles Goodhart and J. Clark Leith
3 David Laidler on Monetarism by Michael Bordo and Anna J. Schwartz
Discussion: Nick Rowe
4 David Laidler's Contributions to the History of Monetary Economics by Robert W. Dimand
5 Laidler's Monetarism by Perry Mehrling
6 What is Good Government? David Laidler's Views by Robert Young and David Laidler
Discussion: James B. Davies
7 Trade-offs in Monetary Policy by Milton Friedman
Discussion: John B. Taylor
Discussion: David Laidler
8 From Money Targeting to Inflation Targeting: The Change in the Role of Money in the Conduct of Monetary Policy by Charles Freedman
Discussion: Charles Goodhart
9 Monetary Institutions and Monetary Theory: Reflections on the History of Monetary Economics by Warren J. Samuels
Discussion: Roger Sandilands
10 Monetary Policy Implementation: A Microstructure Approach by Perry Mehrting
Discussion: Neil T. Skaggs
11 Monetarism and Market Clearing by Michel De Vroey
Discussion: Hans-Michael Trautwein
12 Less Than an Ideal Type: Varieties of Real Bills Doctrines by Neil T. Skaggs
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