Nunes and Cole Write the E-Book on Market Monetarism

This post is slightly late in coming, but I want to give my fellow bloggers and valued commenters on this blog, Marcus Nunes and Benjamin Cole a shout out and my warmest congratulations on the publication, last week, of their new e-book Market Monetarism: Roadmap to Economic Prosperity.

I have not yet read the entire book, but I did read the introductory chapter available on Amazon, and I was impressed, but not surprised, by their wide knowledge and understanding of monetary economics as well as their clear, direct and engaging style. I was also pleased to find that they gave due recognition to Gustav Cassel, Ralph Hawtrey, and James Meade for their important contributions. Nor do I hold it against them that they quoted from my paper on Hawtrey and Cassel, though they did forget to mention the name of my co-author, Ron Batchelder.

Way to go, guys.

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6 Responses to “Nunes and Cole Write the E-Book on Market Monetarism”


  1. 1 Benjamin Cole January 28, 2013 at 11:49 pm

    David G-

    Thanks so much for your post, and for your patience over the past years with my comments, as I conducted my education in public.

    Marcus Nunes was the real economist behind the book, “Market Monetarism: Roadmap to Economic Prosperity,” and I was the financial journalist, so you can make a good guess as to our roles.

    A growing number of people have played a role in pushing forward Market Monetarism, or at least the idea that central banks have obligations to steady real growth as much as to price stability.

    David Glasner is a leader in the MM movement, even if agreement on every last article is not to be had.

    Disagreements about monetary policy there will always be—but the most valuable dissent is that which makes dissent and policy change possible.

    In that last regard, I hope I can say I am in complete agreement 100 percent with David Glasner!

  2. 2 Marcus Nunes January 29, 2013 at 3:11 am

    David, many thanks for the ‘review’. And sorry for the co-author slip. We have much to thank the whole MM group and are pleased headway is being made.

  3. 3 Blue Aurora January 29, 2013 at 11:52 pm

    Congratulations on being cited by Marcus Nunes and Benjamin Cole in their e-book, David Glasner.

    Speaking of scholarly references however…

    1.) Does Marcus Nunes have a curriculum vitae listing his academic publications somewhere? I’d like to see it for curiosity’s sake.

    2.) How are your own publications going, David Glasner? I do look forward to seeing your co-authored paper with R.W. Batchelder on Sir Ralph G. Hawtrey and Gustav Cassel coming out in a peer-reviewed journal in the future. I also look forward to “The Fisher Effect Under Deflationary Expectations” being finalized and readied for publication in the future. (As a sidenote David Glasner, and I don’t mean to be pushy, you still need to get back to my e-mail…)

  4. 4 David Glasner February 1, 2013 at 8:46 am

    Benjamin, Your comments have always been stimulating and your praise and occasional criticism have helped me improve my blogging skills, so I thank you in return for paying attention to me.

    Marcus, I am running a bit ragged, but I hope to have time to read and digest your book more fully in the coming weeks.

    Blue Aurora, Not much to report on my publications. I have just finished a review of the Empire of Credit for the Journal of the History of Economics, and am working on other projects, which I hope will be published this year. We shall see. Sorry for not responding. Would you mind resending the email?

  5. 5 Blue Aurora February 2, 2013 at 12:09 am

    Sure, I’ll resend you my last e-mail. I don’t mean to be rude, but AFAIK, there is no “Journal of the History of Economics”…do you mean the Journal of the History of Economic Thought? Or is there really a publication known as “Journal of the History of Economics”…and it just lacks an academic publisher and an online database?

  6. 6 David Glasner February 2, 2013 at 7:51 pm

    Blue Aurora, Yes, I think that what I meant was the Journal of the History of Economic Thought.


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About Me

David Glasner
Washington, DC

I am an economist at the Federal Trade Commission. Nothing that you read on this blog necessarily reflects the views of the FTC or the individual commissioners. Although I work at the FTC as an antitrust economist, most of my research and writing has been on monetary economics and policy and the history of monetary theory. In my book Free Banking and Monetary Reform, I argued for a non-Monetarist non-Keynesian approach to monetary policy, based on a theory of a competitive supply of money. Over the years, I have become increasingly impressed by the similarities between my approach and that of R. G. Hawtrey and hope to bring Hawtrey's unduly neglected contributions to the attention of a wider audience.

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