Lloyd Mints

Lloyd Wynn Mints (1888–1989) was an American economist, notable for his contributions to the quantity theory of money. He retired as professor emeritus in 1953.

Mints was an advocate of the view that the Federal Reserve System should have increased the quantity of money during the years from 1929 to 1933. Mints was also a main critic of the real bills doctrine in the 20th century.

Mints had a strong influence on development of Chicago monetary economics, in particular on Milton Friedman's thinking.

Selected publications Articles Mints, Lloyd, "The Elasticity of Banknotes," Journal of Political Economy, 38, August 1920, pages 458–71. Mints, Lloyd, "Open Market Borrowing to Finance the Production of Goods Sold for Future Delivery," Journal of Political Economy, 31, February 1923, pages 128–38. Mints, Lloyd, "Expansion of Fixed and Working Capital by Open Market Borrowing," Journal of Political Economy, 31, April 1923, pages 299–302. Mints, Lloyd, "Monetary Policy," Review of Economics and Statistics, 28, May 1946, pages 60–69. Mints, Lloyd, "Monetary Policy and Stabilization," American Economic Review (Supplement), 41, May 1951, pages 188–193. Mints, Lloyd and others, "Monetary Policy: Discussion," American Economic Review (Supplement), 43, May 1953, pages 54–60.

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