Classical Theories of Money, Output and Inflation

A Study in Historical Economics

• Author(s): Roy Green,
• Publisher: Springer
• Pages: 271
• ISBN_10: 1349223883
  ISBN_13: 9781349223886
  
• Language: en
• Categories: Business & Economics / Economics / General , Business & Economics / Economics / Theory , Business & Economics / Economics / Macroeconomics , Political Science / Political Economy , Business & Economics / Economic History , Political Science / Public Policy / Economic Policy ,

Description:... This book challenges the conventional view that monetarism is a necessary part of classical economics and shows, in an historical account of 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 approach in a fundamental way must involve an explicit rejection of the conceptual structure of neoclassical economics.