Classical Theories of Money, Output and Inflation

A Study in Historical Economics

Gebonden Engels 1992 9780333565629
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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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          Classical Theories of Money, Output and Inflation