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CORREA MOYLAN WALSH BEYOND INDEX NUMBERS: FROM THE “BATTLE OF THE STANDARDS” TO THE SCIENCE OF MONEY
Published online by Cambridge University Press: 23 August 2023
Abstract
In 1901, Correa Moylan Walsh gained renown for writing a groundbreaking monograph on index numbers. His contributions to monetary economics, however, though neglected, transcend his work on index numbers, which was conceived to serve more foundational concerns of his. Therefore, our aim is twofold. First, we want to recover Walsh’s role as an important early twentieth-century economist. Second, we intend to provide a wider account of his incursion into monetary economics. Our argument is that the cornerstone of Walsh’s approach to the science of money is not confined to index numbers but concerns his distinction between different kinds of economic value and the discussion regarding the kind of value that money should measure and store. As such, we identify Walsh’s 1903 book, The Fundamental Problem in Monetary Science, as his archetypical work.
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Footnotes
This article was initially presented at the 2021 History of Economics Society Conference and the 49th Brazilian National Conference of Economics. We thank the participants in these meetings for their comments. We also thank two anonymous referees and Pedro Garcia Duarte for insightful comments and suggestions during the submission process. This research has been supported by the National Council for Scientific and Technological Development (CNPq) in Brazil.
References
REFERENCES
Irving Fisher Papers. Manuscripts and Archives. Collection MS 212. Yale University Library, New Haven, United States.Google Scholar
New York Times
. “Correa Moylan Walsh: Writer on Economics and Sociology Studied in Europe.” March 12, 1936, p. 21.Google Scholar
Ragnar Frisch Papers. Oslo National Library (Nasjonalbilbioteket), Oslo, Norway.Google Scholar
Wesley Mitchell Papers. Columbia University Libraries. Columbia University, New York, United States.Google Scholar
Aldrich, John. 1992. “Probability and Depreciation: A History of the Stochastic Approach to Index Numbers.” History of Political Economy 24 (3): 657–687.CrossRefGoogle Scholar
Aldrich, John. 2008. “Keynes among the Statisticians.” History of Political Economy 40 (2): 265–316.CrossRefGoogle Scholar
Balk, Bert. 2008. Price and Quantity Index Numbers: Models for Measuring Aggregate Change and Difference. Cambridge: Cambridge University Press.CrossRefGoogle Scholar
Banzhaf, H. Spencer. 2004. “The Form and Function of Price Indexes: A Historical Accounting.” History of Political Economy 36 (4): 589–616.CrossRefGoogle Scholar
Barber, William, ed. 1997a. The Works of Irving Fisher. Volume 1: The Early Professional Works. London: Pickering & Chatto.Google Scholar
Barber, William. 1997b. “Editorial Introduction with Selected Documents.” In Barber, William, ed., The Works of Irving Fisher. Volume 4: The Purchasing Power of Money. London: Pickering & Chatto, pp. 1–14.Google Scholar
Barber, William. 1997c.
The Works of Irving Fisher
. Volume 14: Correspondence and Other Commentary on Economic Policy 1930–1947. London: Pickering & Chatto.Google Scholar
Bickerdike, C. 1928. “Review: Four Kinds of Economic Value. By Walsh, C. M..” Economic Journal 38 (149): 106–107.CrossRefGoogle Scholar
Boumans, Marcel. 2001. “Fisher’s Instrumental Approach to Index Numbers.” History of Political Economy 33 (5): 313–344.CrossRefGoogle Scholar
Boumans, Marcel. 2005. How Economists Model the World into Numbers. London: Routledge.Google Scholar
Carver, Thomas. 1919. “Walsh’s The Climax of Civilization: Socialism; Feminism.” Quarterly Journal of Economics 33 (4): 714–716.CrossRefGoogle Scholar
Chaffe, Allan, and Dimand, Robert. 2006. “Correa Moylan Walsh (1862–1936).” In Emmett, Ross, ed., The Biographical Dictionary of American Economists. Volume 2: J–Z. London: Thoemmes Continuum, pp. 885–887.Google Scholar
Clark, John Bates. 1895. “The Gold Standard of Currency in the Light of Recent Theory.” Political Science Quarterly 10 (3): 389–403.CrossRefGoogle Scholar
Cruz-e-Silva, Victor, and Almeida, Felipe. 2022. “The Making of Index Numbers in the Early 1920s: A Closer Look at the Fisher-Mitchell Debate.” History of Political Economy 54 (4): 655–686.CrossRefGoogle Scholar
Darwin, Leonard. 1904. “Review: The Fundamental Problem in Monetary Science.” Economic Journal 14 (53): 75–79.CrossRefGoogle Scholar
Davis, Harold, and Nelson, William. 1935. Elements of Statistics with Applications to Economic Data. Bloomington: The Principia Press.CrossRefGoogle Scholar
De Boyer des Roches, Jérôme, and Betancourt, Rebeca Gomez. 2013. “American Quantity Theorists Prior to Irving Fisher’s The Purchasing Power of Money.” Journal of the History of Economic Thought 35 (2): 135–152.CrossRefGoogle Scholar
Diewert, Erwin. 2013. “Irving Fisher and Index Number Theory.” Journal of the History of Economic Thought 35 (2): 199–232.CrossRefGoogle Scholar
Diewert, Erwin. 2022. “Scanner Data, Elementary Price Indexes and the Chain Drift Problem.” In Chotikapanich, Duangkamon, Rambaldi, Alicia, and Rohde, Nicholas, eds., Advances in Economic Measurement. Singapore: Palgrave Macmillan, pp. 445–606.CrossRefGoogle Scholar
Dimand, Robert. 1997. “Editorial Introduction with Selected Documents.” In Barber, William, ed., The Works of Irving Fisher. Volume 7: The Making of Index Numbers. London: Pickering & Chatto, pp. 1–13.Google Scholar
Dimand, Robert. 1998. “The Quest for an Ideal Index: Irving Fisher and The Making of Index Numbers.” In Rutherford, Malcolm, ed., The Economic Mind in America: Essays in the History of American Economics. London: Routledge, pp. 128–144.Google Scholar
Dimand, Robert, and Betancourt, Rebeca Gomez. 2012. “Retrospectives: Irving Fisher’s Appreciation and Interest (1896) and the Fisher Relation.” Journal of Economic Perspectives 26 (4): 185–196.CrossRefGoogle Scholar
Edgeworth, Francis Ysidro. 1901. “Mr. Walsh on the Measurement of General Exchange Value.” Economic Journal 11 (43): 404–416.CrossRefGoogle Scholar
Edgeworth, Francis Ysidro. 1923a. “Mr. Correa Walsh on the Calculation of Index-Numbers.” Journal of the Royal Statistical Society 86 (4): 570–590.CrossRefGoogle Scholar
Edgeworth, Francis Ysidro. 1923b. “The Doctrine of Index-Numbers According to Mr. Correa Walsh.” Economic Journal 33 (131): 343–351.CrossRefGoogle Scholar
Edgeworth, Francis Ysidro. 1925a. “The Element of Probability in Index Numbers.” Journal of the Royal Statistical Society 88 (4): 557–575.CrossRefGoogle Scholar
Edgeworth, Francis Ysidro. 1925b. “The Plurality of Index-Numbers.” Economic Journal 35 (139): 379–388.CrossRefGoogle Scholar
Fisher, Irving. 1894. “The Mechanics of Bimetallism.” Economic Journal 4 (15): 527–537.CrossRefGoogle Scholar
Fisher, Irving. 1902. “Review: The Measurement of General Exchange-Value. By Correa M. Walsh.” Yale Review (11): 109–112.Google Scholar
Fisher, Irving. 1921. “The Best Form of Index Number.” Quarterly Publications of the American Statistical Association 17 (133): 533–537.CrossRefGoogle Scholar
Fisher, Irving. 1934. Stable Money: A History of the Movement. New York: Adelphi Company.Google Scholar
Fisher, Irving, with Brown, Harry Gunnison [1911] 1913. The Purchasing Power of Money. New York: Macmillan.Google Scholar
Friedman, Milton. 1990a. “Bimetallism Revisited.” Journal of Economic Perspectives 4 (4): 85–104.CrossRefGoogle Scholar
Friedman, Milton. 1990b. “The Crime of 1873.” Journal of Political Economy 98 (6): 1159–1194.CrossRefGoogle Scholar
Friedman, Milton, and Schwartz, Anna. 1963. A Monetary History of the United States, 1867–1960. Princeton: Princeton University Press.Google Scholar
Frisch, Ragnar. 1936. “Annual Survey of General Economic Theory: The Problem of Index Numbers.” Econometrica 4 (1): 1–38.CrossRefGoogle Scholar
Gaines, John M. 1902. “Review: Correa Moylan Walsh, The Measurement of General Exchange Value.” Bulletin of the American Mathematical Society 9 (2): 127–128.CrossRefGoogle Scholar
Girton, Lance, and Roper, Don. 1978. “J. Laurence Laughlin and the Quantity Theory of Money.” Journal of Political Economy 86 (4): 599–625.CrossRefGoogle Scholar
Greene, Evarts Boutell. 1916. “The Political Science of John Adams by Correa Moylan Walsh.” Mississippi Valley Historical Review 2 (4): 575–576.CrossRefGoogle Scholar
Harvard College. 1894. Class of 1884: Decennial Report of the Secretary. Cambridge: Harvard University Press.Google Scholar
Harvard College. 1909. Class of 1884: Twenty-fifth Anniversary Report of the Secretary. Cambridge: Harvard University Press.Google Scholar
Hayek, Friedrich A. 1984. “Intertemporal Price Equilibrium and Movements in the Value of Money [1928].” In Hayek, Friedrich and McCloughry, Roy, Money Capital and Fluctuations: Early Essays. London: Routledge & Kegan Paul, pp. 71–117.CrossRefGoogle Scholar
Hofstadter, Richard. 1956. The Age of Reform: From Bryce to F.D.R. New York: Alfred A. Knopf.Google Scholar
Kendall, Maurice. 1969. “Studies in the History of Probability and Statistics, XXI. The Early History of Index Numbers.” Review of the International Statistical Institute 37 (1): 1–12.CrossRefGoogle Scholar
Keynes, John Maynard. [1909] 1983. “Index Numbers.” In Johnson, Elizabeth, Moggridge, Daniel, and Robinson, Austin, eds., The Collected Writings of John Maynard Keynes. Volume XI. Cambridge: Cambridge University Press, pp. 49–173.Google Scholar
Keynes, John Maynard. [1930] 1971. “A Treatise on Money.” In Johnson, Elizabeth, Moggridge, Daniel, and Robinson, Austin, eds., The Collected Writings of John Maynard Keynes. Volume V. Cambridge: Cambridge University Press.Google Scholar
King, John, and McLure, Michael. 2014. “History of the Concept of Value.” Discussion Paper 14.06, University of Western Australia, Department of Economics.Google Scholar
Laidler, David. 1991. The Golden Age of the Quantity Theory of Money. New York: Harvester Wheatsheaf.CrossRefGoogle Scholar
Laidler, David. 2012. “Professor Fisher and the Quantity Theory—A Significant Encounter.” European Journal of the History of Economic Thought 20 (2): 174–205.CrossRefGoogle Scholar
Laughlin, James Laurence. 1895. The History of Bimetallism in the United States. New York: D. Appleton and Company.Google Scholar
Leonard, Thomas. 2016. Illiberal Reformers: Race, Eugenics and American Economics in the Progressive Era. Princeton: Princeton University Press.CrossRefGoogle Scholar
Mitchell, Wesley. 1921. Bureau of Labor Statistics Bulletin 284: Index Numbers of Wholesale Prices in the United States and Foreign Countries. Washington: Government Printing Office.Google Scholar
Padan, Robert Samuel. 1901. “Review: The Measurement of General Exchange-Value by Correa Moylan Walsh.” Journal of Political Economy 9 (4): 608–610.CrossRefGoogle Scholar
Persky, Joseph. 1998. “Retrospectives: Price Indexes and General Exchange Values.” Journal of Economic Perspectives 12 (1): 197–205.CrossRefGoogle Scholar
Reinsdorf, Marshall. 2007. “Axiomatic Price Index Theory.” In Boumans, Marcel, ed., Measurement in Economics: A Handbook. Amsterdam: Elsevier, pp. 153–188.Google Scholar
Rockoff, Hugh. 1990. “The ‘Wizard of Oz’ As a Monetary Allegory.” Journal of Political Economy 98 (4): 739–760.CrossRefGoogle Scholar
Rosenstein-Rodan, Paul. 1936. “The Coordination of the General Theories of Money and Price.” Economica, New Series 3 (1): 257–280.CrossRefGoogle Scholar
Salvary, Stanley. 1993. “On the Historical Validity of Nominal Money as a Measure of Organizational Performance: Some Evidence and Logical Analysis.” Essays in Economic and Business History 11: 153–177.Google Scholar
Schiller, Ferdinand. 1918. “Review of Correa Moylan Walsh, The Climax of Civilization; Socialism; and Feminism.” Eugenics Review 10 (2): 97–101.Google Scholar
Schumpeter, Joseph. 1954. History of Economic Analysis. New York: Oxford University Press.Google Scholar
Siven, Claes-Henric. 2002. “Analytical Foundations of Erick Lindahl’s Monetary Analysis, 1924–1930.” History of Political Economy 34 (1): 111–153.CrossRefGoogle Scholar
Walker, Francis Amasa. 1896. International Bimetallism. New York: Henry Holt and Company.Google Scholar
Walsh, Correa Moylan. 1896. “Shaw’s History of Currency.” Quarterly Journal of Economics 10 (4): 431–454.CrossRefGoogle Scholar
Walsh, Correa Moylan. 1897. “The Steadily Appreciating Standard.” Quarterly Journal of Economics 11 (3): 280–295.CrossRefGoogle Scholar
Walsh, Correa Moylan. 1901. The Measurement of General Exchange-Value. New York: Macmillan.Google Scholar
Walsh, Correa Moylan. 1903. The Fundamental Problem in Monetary Science. New York: Macmillan.Google Scholar
Walsh, Correa Moylan. 1904. “Kant’s Transcendental Idealism and Empirical Realism.” Mind 13 (49): 54–71.CrossRefGoogle Scholar
Walsh, Correa Moylan. 1906. “Franklin and Plato.” Open Court: A Monthly Magazine 20 (3): 129–133.Google Scholar
Walsh, Correa Moylan. 1908. Shakespeare’s Complete Sonnets: A New Arrangement. New York: Thoms and Eron.Google Scholar
Walsh, Correa Moylan. 1915. The Political Science of John Adams: A Study in the Theory of Mixed Government and the Bicameral System. New York: G. P. Putnam’s Sons.Google Scholar
Walsh, Correa Moylan. 1917a. The Climax of Civilization. New York: Sturgis & Walton Company.Google Scholar
Walsh, Correa Moylan. 1921a. “The Best Form of Index Number: Discussion.” Quarterly Publications of the American Statistical Association 17 (133): 537–544.Google Scholar
Walsh, Correa Moylan. 1924. “Professor Edgeworth’s View on Index-Numbers.” Quarterly Journal of Economics 38 (3): 500–519.CrossRefGoogle Scholar
Walsh, Correa Moylan. 1926. The Four Kinds of Economic Value. Cambridge: Harvard University Press.Google Scholar
Walsh, Correa Moylan. 1932a. An Attempted Proof of Fermat’s Last Theorem by a New Method. New York: G. E. Stechert & Co.Google Scholar
Walsh, Correa Moylan. 1932b. “Index Numbers.” In Seligman, Edwin, ed., Encyclopedia of the Social Sciences. New York: Macmillan Company, pp. 652–658.Google Scholar
Warburton, Clark. 1981. “Monetary Disequilibrium Theory in the First Half of the Twentieth Century.” History of Political Economy 13 (2): 285–299.CrossRefGoogle Scholar
Yule, George Udny. 1921. “Review.” Journal of the Royal Statistical Society 84 (4): 625–626.Google Scholar
Irving Fisher Papers. Manuscripts and Archives. Collection MS 212. Yale University Library, New Haven, United States.Google Scholar
New York Times
. “Correa Moylan Walsh: Writer on Economics and Sociology Studied in Europe.” March 12, 1936, p. 21.Google Scholar
Ragnar Frisch Papers. Oslo National Library (Nasjonalbilbioteket), Oslo, Norway.Google Scholar
Wesley Mitchell Papers. Columbia University Libraries. Columbia University, New York, United States.Google Scholar
Aldrich, John. 1992. “Probability and Depreciation: A History of the Stochastic Approach to Index Numbers.” History of Political Economy 24 (3): 657–687.CrossRefGoogle Scholar
Aldrich, John. 2008. “Keynes among the Statisticians.” History of Political Economy 40 (2): 265–316.CrossRefGoogle Scholar
Balk, Bert. 2008. Price and Quantity Index Numbers: Models for Measuring Aggregate Change and Difference. Cambridge: Cambridge University Press.CrossRefGoogle Scholar
Banzhaf, H. Spencer. 2004. “The Form and Function of Price Indexes: A Historical Accounting.” History of Political Economy 36 (4): 589–616.CrossRefGoogle Scholar
Barber, William, ed. 1997a. The Works of Irving Fisher. Volume 1: The Early Professional Works. London: Pickering & Chatto.Google Scholar
Barber, William. 1997b. “Editorial Introduction with Selected Documents.” In Barber, William, ed., The Works of Irving Fisher. Volume 4: The Purchasing Power of Money. London: Pickering & Chatto, pp. 1–14.Google Scholar
Barber, William. 1997c.
The Works of Irving Fisher
. Volume 14: Correspondence and Other Commentary on Economic Policy 1930–1947. London: Pickering & Chatto.Google Scholar
Bickerdike, C. 1928. “Review: Four Kinds of Economic Value. By Walsh, C. M..” Economic Journal 38 (149): 106–107.CrossRefGoogle Scholar
Boumans, Marcel. 2001. “Fisher’s Instrumental Approach to Index Numbers.” History of Political Economy 33 (5): 313–344.CrossRefGoogle Scholar
Boumans, Marcel. 2005. How Economists Model the World into Numbers. London: Routledge.Google Scholar
Carver, Thomas. 1919. “Walsh’s The Climax of Civilization: Socialism; Feminism.” Quarterly Journal of Economics 33 (4): 714–716.CrossRefGoogle Scholar
Chaffe, Allan, and Dimand, Robert. 2006. “Correa Moylan Walsh (1862–1936).” In Emmett, Ross, ed., The Biographical Dictionary of American Economists. Volume 2: J–Z. London: Thoemmes Continuum, pp. 885–887.Google Scholar
Clark, John Bates. 1895. “The Gold Standard of Currency in the Light of Recent Theory.” Political Science Quarterly 10 (3): 389–403.CrossRefGoogle Scholar
Cruz-e-Silva, Victor, and Almeida, Felipe. 2022. “The Making of Index Numbers in the Early 1920s: A Closer Look at the Fisher-Mitchell Debate.” History of Political Economy 54 (4): 655–686.CrossRefGoogle Scholar
Darwin, Leonard. 1904. “Review: The Fundamental Problem in Monetary Science.” Economic Journal 14 (53): 75–79.CrossRefGoogle Scholar
Davis, Harold, and Nelson, William. 1935. Elements of Statistics with Applications to Economic Data. Bloomington: The Principia Press.CrossRefGoogle Scholar
De Boyer des Roches, Jérôme, and Betancourt, Rebeca Gomez. 2013. “American Quantity Theorists Prior to Irving Fisher’s The Purchasing Power of Money.” Journal of the History of Economic Thought 35 (2): 135–152.CrossRefGoogle Scholar
Diewert, Erwin. 2013. “Irving Fisher and Index Number Theory.” Journal of the History of Economic Thought 35 (2): 199–232.CrossRefGoogle Scholar
Diewert, Erwin. 2022. “Scanner Data, Elementary Price Indexes and the Chain Drift Problem.” In Chotikapanich, Duangkamon, Rambaldi, Alicia, and Rohde, Nicholas, eds., Advances in Economic Measurement. Singapore: Palgrave Macmillan, pp. 445–606.CrossRefGoogle Scholar
Dimand, Robert. 1997. “Editorial Introduction with Selected Documents.” In Barber, William, ed., The Works of Irving Fisher. Volume 7: The Making of Index Numbers. London: Pickering & Chatto, pp. 1–13.Google Scholar
Dimand, Robert. 1998. “The Quest for an Ideal Index: Irving Fisher and The Making of Index Numbers.” In Rutherford, Malcolm, ed., The Economic Mind in America: Essays in the History of American Economics. London: Routledge, pp. 128–144.Google Scholar
Dimand, Robert, and Betancourt, Rebeca Gomez. 2012. “Retrospectives: Irving Fisher’s Appreciation and Interest (1896) and the Fisher Relation.” Journal of Economic Perspectives 26 (4): 185–196.CrossRefGoogle Scholar
Edgeworth, Francis Ysidro. 1901. “Mr. Walsh on the Measurement of General Exchange Value.” Economic Journal 11 (43): 404–416.CrossRefGoogle Scholar
Edgeworth, Francis Ysidro. 1923a. “Mr. Correa Walsh on the Calculation of Index-Numbers.” Journal of the Royal Statistical Society 86 (4): 570–590.CrossRefGoogle Scholar
Edgeworth, Francis Ysidro. 1923b. “The Doctrine of Index-Numbers According to Mr. Correa Walsh.” Economic Journal 33 (131): 343–351.CrossRefGoogle Scholar
Edgeworth, Francis Ysidro. 1925a. “The Element of Probability in Index Numbers.” Journal of the Royal Statistical Society 88 (4): 557–575.CrossRefGoogle Scholar
Edgeworth, Francis Ysidro. 1925b. “The Plurality of Index-Numbers.” Economic Journal 35 (139): 379–388.CrossRefGoogle Scholar
Fisher, Irving. 1894. “The Mechanics of Bimetallism.” Economic Journal 4 (15): 527–537.CrossRefGoogle Scholar
Fisher, Irving. 1902. “Review: The Measurement of General Exchange-Value. By Correa M. Walsh.” Yale Review (11): 109–112.Google Scholar
Fisher, Irving. 1921. “The Best Form of Index Number.” Quarterly Publications of the American Statistical Association 17 (133): 533–537.CrossRefGoogle Scholar
Fisher, Irving. 1934. Stable Money: A History of the Movement. New York: Adelphi Company.Google Scholar
Fisher, Irving, with Brown, Harry Gunnison [1911] 1913. The Purchasing Power of Money. New York: Macmillan.Google Scholar
Friedman, Milton. 1990a. “Bimetallism Revisited.” Journal of Economic Perspectives 4 (4): 85–104.CrossRefGoogle Scholar
Friedman, Milton. 1990b. “The Crime of 1873.” Journal of Political Economy 98 (6): 1159–1194.CrossRefGoogle Scholar
Friedman, Milton, and Schwartz, Anna. 1963. A Monetary History of the United States, 1867–1960. Princeton: Princeton University Press.Google Scholar
Frisch, Ragnar. 1936. “Annual Survey of General Economic Theory: The Problem of Index Numbers.” Econometrica 4 (1): 1–38.CrossRefGoogle Scholar
Gaines, John M. 1902. “Review: Correa Moylan Walsh, The Measurement of General Exchange Value.” Bulletin of the American Mathematical Society 9 (2): 127–128.CrossRefGoogle Scholar
Girton, Lance, and Roper, Don. 1978. “J. Laurence Laughlin and the Quantity Theory of Money.” Journal of Political Economy 86 (4): 599–625.CrossRefGoogle Scholar
Greene, Evarts Boutell. 1916. “The Political Science of John Adams by Correa Moylan Walsh.” Mississippi Valley Historical Review 2 (4): 575–576.CrossRefGoogle Scholar
Harvard College. 1894. Class of 1884: Decennial Report of the Secretary. Cambridge: Harvard University Press.Google Scholar
Harvard College. 1909. Class of 1884: Twenty-fifth Anniversary Report of the Secretary. Cambridge: Harvard University Press.Google Scholar
Hayek, Friedrich A. 1984. “Intertemporal Price Equilibrium and Movements in the Value of Money [1928].” In Hayek, Friedrich and McCloughry, Roy, Money Capital and Fluctuations: Early Essays. London: Routledge & Kegan Paul, pp. 71–117.CrossRefGoogle Scholar
Hofstadter, Richard. 1956. The Age of Reform: From Bryce to F.D.R. New York: Alfred A. Knopf.Google Scholar
Kendall, Maurice. 1969. “Studies in the History of Probability and Statistics, XXI. The Early History of Index Numbers.” Review of the International Statistical Institute 37 (1): 1–12.CrossRefGoogle Scholar
Keynes, John Maynard. [1909] 1983. “Index Numbers.” In Johnson, Elizabeth, Moggridge, Daniel, and Robinson, Austin, eds., The Collected Writings of John Maynard Keynes. Volume XI. Cambridge: Cambridge University Press, pp. 49–173.Google Scholar
Keynes, John Maynard. [1930] 1971. “A Treatise on Money.” In Johnson, Elizabeth, Moggridge, Daniel, and Robinson, Austin, eds., The Collected Writings of John Maynard Keynes. Volume V. Cambridge: Cambridge University Press.Google Scholar
King, John, and McLure, Michael. 2014. “History of the Concept of Value.” Discussion Paper 14.06, University of Western Australia, Department of Economics.Google Scholar
Laidler, David. 1991. The Golden Age of the Quantity Theory of Money. New York: Harvester Wheatsheaf.CrossRefGoogle Scholar
Laidler, David. 2012. “Professor Fisher and the Quantity Theory—A Significant Encounter.” European Journal of the History of Economic Thought 20 (2): 174–205.CrossRefGoogle Scholar
Laughlin, James Laurence. 1895. The History of Bimetallism in the United States. New York: D. Appleton and Company.Google Scholar
Leonard, Thomas. 2016. Illiberal Reformers: Race, Eugenics and American Economics in the Progressive Era. Princeton: Princeton University Press.CrossRefGoogle Scholar
Mitchell, Wesley. 1921. Bureau of Labor Statistics Bulletin 284: Index Numbers of Wholesale Prices in the United States and Foreign Countries. Washington: Government Printing Office.Google Scholar
Padan, Robert Samuel. 1901. “Review: The Measurement of General Exchange-Value by Correa Moylan Walsh.” Journal of Political Economy 9 (4): 608–610.CrossRefGoogle Scholar
Persky, Joseph. 1998. “Retrospectives: Price Indexes and General Exchange Values.” Journal of Economic Perspectives 12 (1): 197–205.CrossRefGoogle Scholar
Reinsdorf, Marshall. 2007. “Axiomatic Price Index Theory.” In Boumans, Marcel, ed., Measurement in Economics: A Handbook. Amsterdam: Elsevier, pp. 153–188.Google Scholar
Rockoff, Hugh. 1990. “The ‘Wizard of Oz’ As a Monetary Allegory.” Journal of Political Economy 98 (4): 739–760.CrossRefGoogle Scholar
Rosenstein-Rodan, Paul. 1936. “The Coordination of the General Theories of Money and Price.” Economica, New Series 3 (1): 257–280.CrossRefGoogle Scholar
Salvary, Stanley. 1993. “On the Historical Validity of Nominal Money as a Measure of Organizational Performance: Some Evidence and Logical Analysis.” Essays in Economic and Business History 11: 153–177.Google Scholar
Schiller, Ferdinand. 1918. “Review of Correa Moylan Walsh, The Climax of Civilization; Socialism; and Feminism.” Eugenics Review 10 (2): 97–101.Google Scholar
Schumpeter, Joseph. 1954. History of Economic Analysis. New York: Oxford University Press.Google Scholar
Siven, Claes-Henric. 2002. “Analytical Foundations of Erick Lindahl’s Monetary Analysis, 1924–1930.” History of Political Economy 34 (1): 111–153.CrossRefGoogle Scholar
Walker, Francis Amasa. 1896. International Bimetallism. New York: Henry Holt and Company.Google Scholar
Walsh, Correa Moylan. 1896. “Shaw’s History of Currency.” Quarterly Journal of Economics 10 (4): 431–454.CrossRefGoogle Scholar
Walsh, Correa Moylan. 1897. “The Steadily Appreciating Standard.” Quarterly Journal of Economics 11 (3): 280–295.CrossRefGoogle Scholar
Walsh, Correa Moylan. 1901. The Measurement of General Exchange-Value. New York: Macmillan.Google Scholar
Walsh, Correa Moylan. 1903. The Fundamental Problem in Monetary Science. New York: Macmillan.Google Scholar
Walsh, Correa Moylan. 1904. “Kant’s Transcendental Idealism and Empirical Realism.” Mind 13 (49): 54–71.CrossRefGoogle Scholar
Walsh, Correa Moylan. 1906. “Franklin and Plato.” Open Court: A Monthly Magazine 20 (3): 129–133.Google Scholar
Walsh, Correa Moylan. 1908. Shakespeare’s Complete Sonnets: A New Arrangement. New York: Thoms and Eron.Google Scholar
Walsh, Correa Moylan. 1915. The Political Science of John Adams: A Study in the Theory of Mixed Government and the Bicameral System. New York: G. P. Putnam’s Sons.Google Scholar
Walsh, Correa Moylan. 1917a. The Climax of Civilization. New York: Sturgis & Walton Company.Google Scholar
Walsh, Correa Moylan. 1921a. “The Best Form of Index Number: Discussion.” Quarterly Publications of the American Statistical Association 17 (133): 537–544.Google Scholar
Walsh, Correa Moylan. 1924. “Professor Edgeworth’s View on Index-Numbers.” Quarterly Journal of Economics 38 (3): 500–519.CrossRefGoogle Scholar
Walsh, Correa Moylan. 1926. The Four Kinds of Economic Value. Cambridge: Harvard University Press.Google Scholar
Walsh, Correa Moylan. 1932a. An Attempted Proof of Fermat’s Last Theorem by a New Method. New York: G. E. Stechert & Co.Google Scholar
Walsh, Correa Moylan. 1932b. “Index Numbers.” In Seligman, Edwin, ed., Encyclopedia of the Social Sciences. New York: Macmillan Company, pp. 652–658.Google Scholar
Warburton, Clark. 1981. “Monetary Disequilibrium Theory in the First Half of the Twentieth Century.” History of Political Economy 13 (2): 285–299.CrossRefGoogle Scholar
Yule, George Udny. 1921. “Review.” Journal of the Royal Statistical Society 84 (4): 625–626.Google Scholar