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| Author: | Mayhew, N. |
| Title: | Population, money supply, and the velocity of circulation in England, 1300-1700 |
| Journal: | Economic History Review
1995 : MAY, VOL. 48:2, p. 238-257 |
| Index terms: | POPULATION MONEY SUPPLY ENGLAND |
| Language: | eng |
| Abstract: | The importance of monetary and demographic factors in the later medieval and early modern "price revolutions" has been much debated. This article analyses this long period in the terms of the Fisher Identity MV - PT, but also fully recognizes the importance of demographic change, and its impact on GDP. Tentative estimates of money supply and GDP are discussed, and from them velocity of circulation is deduced. |
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