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E. Roy Weintraub ([log in to unmask]) wrote: 
 
On Allais, one of the real issues is the excessive set of claims 
made both by Allais, and his pupils/supporters, on his behalf 
over many years. 
 
While I don't know whether either Allais or epigones have bothered 
to claim this, Allais's (1947) Economie & Intérêt, vol. 1, Paris: 
Librairie des Publications Officielles, p. 41, formalised the cash- 
balance approach a couple of years prior to Baumol's 1952 "The 
Transactions Demand for Cash: An Inventory Theoretic Approach", 
Quarterly Journal of Economics 66, pp. 545-56, or Tobin's 1956 
"The Interest-Elasticity of Transactions Demand for Cash", Review 
of Economics and Statistics 38, pp. 241-7, and he didn't 
receive any credit for it, at least for a couple of decades. 
 
Matthias Klaes 
 
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