Titlebook: Classical Theories of Money, Output and Inflation; A Study in Historica Roy Green Book 1992 Roy Green 1992 economics.Inflation.monetarism.m

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Amy Cutter-Mackenzie-Knowles,David Rousell‘surplus’ approach to value and distribution in the market economy. Although the conventional interpretation suggests that this analysis implies a quantity theory of money, I have attempted to show that, in contrast with neoclassical analysis, the classical account of inflation treats the price leve

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Research Ethics in the Digital Agetion of the stock of money available to a country, proponents of quantity theory treated output as fixed, or independently variable, magnitude, since money for them was limited to the role of a medium of circulation.

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Classical Theory of the Metallic Systemtion of the stock of money available to a country, proponents of quantity theory treated output as fixed, or independently variable, magnitude, since money for them was limited to the role of a medium of circulation.

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2947-258X monetary controversy, that the framework upon which classical analysis is based suggests an alternative account of the inflationary process. A corollary of the argument is that the monetarist approach is a logically necessary component of neoclassical analysis and that any attempt to criticise that

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Aim of the Inquiry to modern debate. In particular, the converse of the argument is that the monetarist approach to inflation . a logically necessary component of neoclassical analysis, and that consequently any attempt to criticise that approach in a fundamental way must involve an explicit rejection of the conceptual structure of neoclassical economics.

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Theory and Policyl as an independent variable in the equation of exchange. It is only in the short run that quantity theory can have any relevance to classical economics; and this, I have argued, is due to its treatment not just of money and prices but also of output.

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2947-258X approach in a fundamental way must involve an explicit rejection of the conceptual structure of neoclassical economics.978-1-349-22390-9978-1-349-22388-6Series ISSN 2947-258X Series E-ISSN 2947-2598

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