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Classical Theories of Money, Output and Inflation: A Study in Historical Economics

Classical Theories of Money, Output and Inflation: A Study in Historical Economics

Hardcover

Series: Studies in Political Economy

EconomicsInvesting & Finance

ISBN10: 0333565622
ISBN13: 9780333565629
Publisher: Palgrave Macmillan
Published: Nov 3 1992
Pages: 271
Weight: 1.12
Height: 0.75 Width: 5.50 Depth: 8.50
Language: English
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.

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