ABSTRACT
Harry Gunnison Brown published three articles on monetary topics while still an instructor at Yale; all three were cited by Fisher in The Purchasing Power of Money. Brown originally published his principles text, Economic Science and the Common Welfare, in 1923. It underwent several editions; in 1942 the title was changed, and subsequent editions retain the new title, The Basic Principles of Economics. He dealt with the relationships of money, commercial banking, and business cycles to prices. During the 1930s Brown made only one statement on the causes of the Depression. In a November 1933 letter to Rogers, Brown stressed that the key to recovery was a monetary policy that sought to increase purchasing power as a first priority over attempts to control exchange and maintain the price of gold. Once again, it is difficult to assess accurately Brown's contribution in the area under consideration. His theoretical contributions as a long time monetarist are certainly of interest.
