John Richard Hicks proposed an endogenous theory of money from the 1960s until his final book, A Market Theory of Money (1989). He developed a theory of credit and a theory of short-term rates of interest that had been neglected in his earlier writings such as “Mr. Keynes and the ‘Classics’” (1937). In that early article, Hicks concentrated on the market for cash balances and the motives for the demand for money, while leaving aside the money market and the clearing function of banks. In the 1960s, Hicks was largely inspired by Henry Thornton (1802) and Ralph George Hawtrey (1913, 1919). The originality of this paper is to interpret the short-term rates as the price of liquidity and to examine Hicks’s fight against restrictive monetary policies in the 1960s to the 1970s in Britain.

中文翻译：

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希克斯的短期利率理论和桑顿和霍特雷的影响

约翰·理查德·希克斯从 1960 年代到他的最后一本书提出了一种内生的货币理论，货币市场理论（1989 年）。他发展了一种信用理论和一种短期利率理论，这些理论在他早期的著作中被忽视，例如“先生”。凯恩斯和“经典””（1937 年）。在那篇早期的文章中，希克斯集中讨论了现金余额市场和货币需求的动机，而忽略了货币市场和银行的清算功能。在 1960 年代，希克斯在很大程度上受到了 Henry Thornton (1802) 和 Ralph George Hawtrey (1913, 1919) 的启发。本文的独创性是将短期利率解释为流动性的价格，并考察希克斯在 1960 年代至 1970 年代在英国与限制性货币政策的斗争。