On the Controversy over the Origins of the Chicago Plan for 100% Reserves: Sorry, Frederick Soddy, it was Knight and (Most Probably) Simons!

IF 1.2 3区 经济学 Q3 BUSINESS, FINANCE
GEORGE S. TAVLAS
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引用次数: 0

Abstract

The idea of 100% reserve requirements against demand deposits received a renewed impetus in recent years. In 1933, a group of University of Chicago economists, led by Frank Knight and Henry Simons, circulated two memoranda that proposed the scheme in what became known as the Chicago Plan of Banking Reform. That same idea had been proposed in 1926 by Frederick Soddy, a Nobel Laureate in chemistry. Soddy claimed precedence, a claim that caught on. I provide evidence showing that Knight, and probably Simons, conceived the idea of 100% reserves prior to the publication of Soddy's 1926 book.

关于芝加哥100%预备队计划起源的争议:对不起,弗雷德里克·索迪,是奈特和(很可能)西蒙斯!
对活期存款实行 100%准备金要求的想法近年来再次受到推动。1933 年,以弗兰克-奈特(Frank Knight)和亨利-西蒙斯(Henry Simons)为首的一群芝加哥大学经济学家分发了两份备忘录,提出了后来被称为 "芝加哥银行改革计划 "的方案。1926 年,诺贝尔化学奖得主弗雷德里克-索迪(Frederick Soddy)也提出了同样的想法。索迪声称有先例可循,这一说法引起了广泛关注。我提供的证据表明,奈特,很可能还有西蒙斯,在索迪 1926 年的著作出版之前就构思出了 100%准备金的想法。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
2.90
自引率
6.70%
发文量
98
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