ABSTRACT OF PAPER
Title: money prices and quantitative theory in Europe beetween 16th an 17th Century
Author: Tiran andré
The great question of the “debasement”, in XIIIe and XIVe centuries, was the pretext of the first theoretical interrogations on the currency. Starting from the beginning of XIe century, the paper money develops in Italy, in particular in Naples, but also Rome and Florence in the form of tickets of credit, then of bill of exchange. The monetary system throughout the XVIIe century knows an inflation of balk on various dates but which begins everywhere at the end from XVIe. This process is locatable starting from the curves of prices and the variations of the change. The monetary and financial facts of this time raise three questions: How is the circulation of the precious metals organized on the scale of Europe? Which are the effects of a larger metal offer on the prices? Which are then the repercussions of extended from commercial circulation over the monetary and financial practices? At this point in time the economic theory starts to focus on the rise of the prices. Jean Bodin (1595) put the finger on the wound: “The principal cause of the rise in the prices is always the abundance of it with what the price of the goods is measured [...], the abundance of gold and money [...], today larger than It never was it during the four previous centuries.” An element however must bring to call into question the quantitativist hypothesis, it is that of volumes of arrival of the noble metals in the course of time. It remains to be explained why the quantitative theory had very early and until our days as many success at a great number of authors.
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