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.

Keywords

Authors, Editors and Affiliations

Trinity College, USA

William N. Butos
The Pennsylvania State University, USA

Will E. Mason

Bibliographic Information

Book Title: Classical versus Neoclassical Monetary Theories
Book Subtitle: The Roots, Ruts, and Resilience of Monetarism — and Keynesianism
Authors: Will E. Mason
Editors: William N. Butos
DOI: https://doi.org/10.1007/978-1-4615-6261-0
Publisher: Springer New York, NY
eBook Packages: Springer Book Archive
Copyright Information: Springer Science+Business Media New York 1996
Hardcover ISBN: 978-0-7923-9817-2Published: 31 December 1996
Softcover ISBN: 978-1-4613-7873-0Published: 02 October 2012
eBook ISBN: 978-1-4615-6261-0Published: 06 December 2012
Edition Number: 1
Number of Pages: XX, 216
Topics: Macroeconomics/Monetary Economics//Financial Economics, History of Economic Thought/Methodology, Economic Theory/Quantitative Economics/Mathematical Methods

Publish with us

Policies and ethics

Authors:

Editors:

Sections

Buy it now

Buying options

Other ways to access

Table of contents (11 chapters)

Front Matter

Back Matter

About this book

Keywords

Authors, Editors and Affiliations

Trinity College, USA

The Pennsylvania State University, USA

Bibliographic Information

Publish with us

Buy it now

Buying options

Other ways to access

Search

Navigation