Thursday, October 10, 2013

Glasner Reviews my Paper on the Interwar Gold Standard and Central Bank Gold Demand

See it here. And if you haven't already, check out the paper here.

I was pleasantly surprised to receive an email a couple of weeks ago from someone I don’t know, a graduate student in economics at George Mason University, James Caton. He sent me a link to a paper (“Good as Gold?: A Quantitative Analysis of Hawtrey and Cassel’s Theory of Gold Demand and the Gold Price Level During the Interwar Period”) that he recently posted on SSRN. Caton was kind enough to credit me and my co-author Ron Batchelder, as well as Doug Irwin (here and here) and Scott Sumner, for reviving interest in the seminal work of Ralph Hawtrey and Gustav Cassel on the interwar gold standard and the key role in causing the Great Depression played by the process of restoring the gold standard after it had been effectively suspended after World War I began.


  1. Congratulations, James Caton!

    As for your working paper...well, I did have one minor suggestion to make, but I don't want to repeat myself again. I hope you don't mind my laziness with this URL!

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