School of Salamanca (Grice-Hutchinson - pbk)

Author: Marjorie Grice-Hutchinson

ISBN: 9781610161602

Binding: paperback

Section: Economics/Business/Finance

Marjorie Grice-Hutchinson's remarkable classic, The School of Salamanca, posed an extraordinary challenge when it first appeared in 1952. For English speakers, this book highlighted an unknown school of monetary theory with the origins of economic theory on the Continent, prompting a rethinking of the entire history of the discipline. These thinkers were pro-market, pro-hard money, anti-state in many ways, pro-property, and pro-merchant to a surprising extent. Their theoretical orientation was subjectivist, marginalist, and process oriented. In other words, the Salamanca School represented a kind of proto-Austrian school with a strong liberal bent (liberal in the old sense).