Quarterly Journal of Austrian Economics
Author:
John P. Cochran
Online Publish Date:
Volume 1, No. 3 (Fall 1998) Timothy Fuerst (1994) has argued for the need for more banking theory in monetary theory.[1] A review of the history of economic thought indicates that, until the 1930s, banking theory and the role of banks in the process of financial intermediation and credit creation were emphasized in the writings of monetary