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24 relations: Alfred Marshall, Arthur Cecil Pigou, Cambridge equation, Classical dichotomy, David Hume, Deflation, Inflation, Interest rate, Irving Fisher, John Maynard Keynes, John Stuart Mill, Mainstream economics, Monetary economics, Money supply, National Income and Product Accounts, Price index, Price level, Quantity theory of money, Real versus nominal value (economics), Relative price, Tautology (rhetoric), The New Palgrave Dictionary of Economics, University of Cambridge, Velocity of money.
Alfred Marshall
Alfred Marshall, FBA (26 July 1842 – 13 July 1924) was one of the most influential economists of his time.
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Arthur Cecil Pigou
Arthur Cecil Pigou (18 November 1877 – 7 March 1959) was an English economist.
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Cambridge equation
The Cambridge equation formally represents the Cambridge cash-balance theory, an alternative approach to the classical quantity theory of money.
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Classical dichotomy
In macroeconomics, the classical dichotomy is the idea, attributed to classical and pre-Keynesian economics, that real and nominal variables can be analyzed separately.
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David Hume
David Hume (born David Home; 7 May 1711 NS (26 April 1711 OS) – 25 August 1776) was a Scottish philosopher, historian, economist, and essayist, who is best known today for his highly influential system of philosophical empiricism, skepticism, and naturalism.
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Deflation
In economics, deflation is a decrease in the general price level of goods and services.
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Inflation
In economics, inflation is a sustained increase in price level of goods and services in an economy over a period of time.
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Interest rate
An interest rate is the amount of interest due per period, as a proportion of the amount lent, deposited or borrowed (called the principal sum).
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Irving Fisher
Irving Fisher (February 27, 1867 – April 29, 1947) was an American economist, statistician, inventor, and Progressive social campaigner.
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John Maynard Keynes
John Maynard Keynes, 1st Baron Keynes (5 June 1883 – 21 April 1946), was a British economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments.
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John Stuart Mill
John Stuart Mill, also known as J.S. Mill, (20 May 1806 – 8 May 1873) was a British philosopher, political economist, and civil servant.
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Mainstream economics
Mainstream economics may be used to describe the body of knowledge, theories, and models of economics, as taught across universities, that are generally accepted by economists as a basis for discussion.
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Monetary economics
Monetary economics is a branch of economics that provides a framework for analyzing money in its functions as a medium of exchange, store of value, and unit of account.
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Money supply
In economics, the money supply (or money stock) is the total value of monetary assets available in an economy at a specific time.
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National Income and Product Accounts
The national income and product accounts (NIPA) are part of the national accounts of the United States.
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Price index
A price index (plural: “price indices” or “price indexes”) is a normalized average (typically a weighted average) of price relatives for a given class of goods or services in a given region, during a given interval of time.
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Price level
The general price level is a hypothetical daily measure of overall prices for some set of goods and services (the consumer basket), in an economy or monetary union during a given interval (generally one day), normalized relative to some base set.
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Quantity theory of money
In monetary economics, the quantity theory of money (QTM) states that the general price level of goods and services is directly proportional to the amount of money in circulation, or money supply.
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Real versus nominal value (economics)
In economics, a real value of a good or other entity has been adjusted for inflation, enabling comparison of quantities as if prices had not changed.
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Relative price
A relative price is the price of a commodity such as a good or service in terms of another; i.e., the ratio of two prices.
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Tautology (rhetoric)
In rhetoric, a tautology (from Greek ταὐτός, "the same" and λόγος, "word/idea") is an argument which repeats an assertion using different phrasing.
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The New Palgrave Dictionary of Economics
The New Palgrave Dictionary of Economics (2008), 2nd ed., is an eight-volume reference work on economics, edited by Steven N. Durlauf and Lawrence E. Blume and published by Palgrave Macmillan.
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University of Cambridge
The University of Cambridge (informally Cambridge University)The corporate title of the university is The Chancellor, Masters, and Scholars of the University of Cambridge.
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Velocity of money
Similar chart showing the velocity of a broader measure of money that covers M2 plus large institutional deposits, M3. The US no longer publishes official M3 measures, so the chart only runs through 2005. The term "velocity of money" (also "The velocity of circulation of money") refers to how fast money passes from one holder to the next.
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Redirects here:
Equation Of Exchange, MV = PQ, MV=PQ, MV=PT, MV=PY, M⋅V=P⋅Q.
References
[1] https://en.wikipedia.org/wiki/Equation_of_exchange
