Thomas M. Humphrey | |
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Nationality | American |
Occupation | Economist (retired), Federal Reserve Bank of Richmond, author |
Thomas MacGillivray Humphrey (born 1935) is an American economist. Until 2005 he was a research advisor and senior economist in the research department of the Federal Reserve Bank of Richmond and editor of the Bank's scholarly journal, the Economic Quarterly. His publications cover macroeconomics, monetary economics, and the history of economic thought.Mark Blaug called him the "undisputed master" of the history of monetary economics.
Humphrey has written books and journal articles on monetary policy history. He is the author of articles published in journals such as the Cato Institute.,HOPE (History of Political Economy),Southern Economics Journal, and Econ Focus formerly Region Focus. He wrote over 70 articles published in the journals of the Richmond Federal Reserve. Some articles such as Rival Notions of Money by Humphrey may be accessed through EconPapers.
His four books on monetary policy history are The Monetary Approach to the Balance of Payments, Exchange Rates, and World Inflation (co-author Robert Keleher), Money, Banking and Inflation: Essays in the History of Monetary Thought, Money, Exchange and Production: Further Essays in the History of Economic Thought, and Essays on Inflation. Charles R. McCann, Jr. stated, in reference to Humphrey's book Money, Banking and Inflation: Essays in the History of Monetary Thought that "monetary economists looking for an accessible introduction to their discipline's past will find few better starting points than this volume."(registration required)
His writing on the history of economic thought has been included in An Encyclopedia of Keynesian Economics to which he contributed an article on the Chicago School of Economics, and also in festschriften, book reviews, textbooks, annual reports, and anthologies. For Famous Figures in Diagrams and Economics by Mark Blaug and Peter Lloyd, Humphrey wrote the first chapter, Marshallian Cross Diagrams and Chapter 55, Intertemporal utility maximization – the Fisher diagram.