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Classical versus Neoclassical Monetary Theories - The Roots, Ruts, and Resilience of Monetarism - and Keynesianism (Paperback, 1996 ed.)
Loot Price: R2,940
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Classical versus Neoclassical Monetary Theories - The Roots, Ruts, and Resilience of Monetarism - and Keynesianism (Paperback, 1996 ed.)
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Classical Versus Neoclassical Monetary Theories, completed just
before Professor Will E. Mason's untimely death, places recent and
mid-20th century monetary theory in a larger historical context,
while examining the relevance of contemporary questions in monetary
policy. The first half of the volume analyzes the development of
the methodological and conceptual foundations of monetary theory,
up to and including contemporary mainstream views; the second half
addresses more policy-oriented monetary questions. Emphasis is
placed on the dichotomy of monetary and value theory, the Walrasian
general equilibrium paradigm, the resolution of the 'Patinkin
controversy', the Federal Reserve System's failed experiment with
'pure monetarism', and the misplacement of the free market in the
'Chicago paradox'. Classical Versus Neoclassical Monetary Theories
will be of interest both to historians of economic thought and
monetary and macro economists, as well as to many well-informed
followers and fashioners of monetary policy.
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