Talk:Monetary economics/Archive 1

Edit history of "Monetary economics" & "Talk:Monetary economics"

The Edit history of "Monetary economics" & "Talk:Monetary economics" is copied below for the sake of completeness as to the follwoing section proposal. It is pleced here, because the Edits of that history preceded the section below. --Thomasmeeks (talk) 17:11, 28 October 2008 (UTC)

Monetary economics

05:20, 4 December 2007 Bkwillwm (Talk | contribs) (29 bytes) (rdirct to Monetary theory)

Redirect Monetary theory

03:33, 18 May 2007 Egfrank (Talk | contribs) (24 bytes) (more relevant redirect)

Redirect Monetarism

16:24, 2 October 2005 Nat Krause (Talk | contribs) (redirecting -- also, please don't sign articles) (undo)

Redirect Money

15:07, 15 September 2005 68.50.249.84 (Talk) & 15:05, 15 September 2005 68.50.249.84 (Talk)

Central Bank or Finance Ministry based economics where the interest rate plays a pivotal role in the cost of money and the amounts banks must hold in their reserves. Very important when international economics and currencies interplay as arbitrage creates business opportuniteis and the capital accounts or country balance of payments get effected once currency trading occurs, given differing interest rates and exchange rates. KF

Talk:Monetary economics

14:19, 25 November 2007 Johngelles (Talk | contribs) (966 bytes)

(cur) (last) 14:18, 25 November 2007 Johngelles (Talk | contribs) m (962 bytes) 14:15, 25 November 2007 Johngelles (Talk | contribs) (960 bytes) (We need this category to be fair to Keynesian solutions as much as it may be fair the avoidace of hyperinflation.)

Monetary economics is a category used by the Journal of Economic Literature (JEL).

Does this category include the idea of a monetary system of production?

Or does it suggest monetarism, a collection of ideas more focused on money and price than on production?

Nothing is more political today than the split between those who ask that economists study ways to improve a monetary system of production to reach universal prosperity and those who see goals as outside the realm of professional economists and wholly within the realm of political action.

Monetarism is a segment of economic thought more closely aligned with those who oppose goals and their achievement as economics.

If the above is a fair appraisal of the facts, the category Monetary economics ought to lead to Keynesian approaches to production and not to its very opposite.

Proposed change of article title to "Monetary economics"

Monetary theory has had a stable Redirect of Monetary economics to it since December 2007. The following are some considerations for going to the next step and changing the article title to Monetary economics.

1. The article is already arguably the closest fit of 'monetary economics' on Wiki in the judgment of Wiki editors per above. The change would not be so big. The Edit history of the article would go with the name change, again making the change not so big.
2. If 'monetary theory' is correctly described in the article as a "major branch" of macroeconomics, arguably the "more major" branch is the one that should be used in the article title.
3. Stated another way, the comprehensive JEL classification codes for the subject uses "theory" only a few times and not at all in the JEL classification codes#Macroeconomics and monetary economics JEL: E Subcategories. Why? Possibly because it is taken for granted that there may be aspects of monetary theory (or a monetary theory) worth considering besides pure theory, such as empirical aspects of the theory. That would be a good reason for including the broader term 'monetary economics' so as not to suggest that the theory is only about theory.
4. Unlike a particular theory or approach (such a the Quantity theory of money), the term 'monetary theory' might suggest to the unwary that the subject has no empirical applications, which is misleading. The more general term 'monetary economics' avoids that problem.
5. The huge 8-volume The New Palgrave Dictionary of Economics (2008) with almost 1900 articles has no separate entry for 'monetary theory', but the 2nd hit for that term there is the article "monetary economics, history of," which, as the Table of Contents indicates, includes plenty of theory, suggesting the fundamental role of monetary theory in monetary economics.

Unless there is a consensus otherwise, may I propose changing the article title to "Monetary economics" as early as 7 full days from now to allow for full consideration and light traffic on this page. --Thomasmeeks (talk) 14:18, 17 October 2008 (UTC)

I support the move.--Bkwillwm (talk) 16:33, 18 October 2008 (UTC)

Completed. --Thomasmeeks (talk) 22:14, 28 October 2008 (UTC)