Education
Tulane University; University of Tennessee.
Tulane University; University of Tennessee.
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"s economic thought is allied to the quantity theory, turning to old-fashioned monetarism, and (most recently) to market monetarism.
Humphrey"s work is in the quantity-theory tradition of David Hume, Henry Thornton, Alfred Marshall, Knut Wicksell, Irving Fisher, Milton Friedman, and David Laidler. In the introduction to his book Money, Exchange, and Production: Further Essays in the History of Economic Thought, Thomas M. Humphrey acknowledged the influence of his professors.