Mark Blaug on the quantity theory : a skirmish on the border between science and politics in the history of economic thought

Mark Blaug brought his usual standards of historical awareness and respect for empirical content to bear when he wrote about the Quantity Theory of Money, but he hesitated to probe too deeply into the political and ideological elements of its history, perhaps leading him to underestimate their importance for the theory's evolution. -- money ; Quantity theory ; value theory ; positive economics ; empiricism ; formalism ; bimetallism ; gold standard ; monetarism