Henry Thornton, 1760-1815.

Opponent of the Real Bills doctrine, eloquent defender of the Bullionist position and a fundamental figure in monetary theory. His process of monetary expansion anticipates Knut Wicksell's theory of the "cumulative process which restates the Quantity Theory in a theoretically coherent form. He was also a proto-marginalist in various ways.

Major Works of Henry Thornton

• An Enquiry into the Nature and Effects of the Paper Credit of Great Britain , 1802.

Resources on Henry Thornton