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| Author: | Steele, G. |
| Title: | The money economy: mercantilism, classical economics and Keynes' general theory |
| Journal: | American Journal of Economics and Sociology
1998 : OCT, VOL. 57:4, p. 485-498 |
| Index terms: | SOCIOLOGY ECONOMICS KEYNESIAN SCHOOL |
| Language: | eng |
| Abstract: | A trustworthy monetary system is necessary to support the division of labour and extended trading relationships. In the context of classical economics and of Keynes' macroeconomics, the origin of pervasive economywide problems have been traced to monetary disturbances. The relevance (to interest rate theory) of the market for credit and of bond price speculation is critical to judging the plausibility of those rival theories. |
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