A Short History of Economic ThoughtThis book provides an elementary introduction to the history of economic thought and has been considerably overhauled and updated since the appearance of the first edition in 2002. A chapter is devoted to each of the major developments in the history of the discipline, with a brand new introduction setting the scene.
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... neutrality of money . Connections At first sight , there do not seem to be great differences between the views of Wicksell and Fisher . Both of them defended the quantity theory and postulated the long - run neutrality of money . Both ...
... monetary shocks , i.e. , as changes in aggregate supply in reaction to unforeseeable inflationary impulses that are confused with changes in relative prices . Even this last vestige of non - neutrality of money was eliminated by the ...
... money to the relationship between the actual interest rate and a ' natural ... neutrality of monetary policy : ' [ I ] t is because instability of the ... neutrality of money , are carefully avoided . The new synthesis is probably not the ...
Contents
Classical political economy | 15 |
Neoclassical economics | 40 |
Historical schools and institutionalism | 64 |
Copyright | |
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Other editions - View all
A Short History of Economic Thought Bo Sandelin,Hans-Michael Trautwein,Richard Wundrak Snippet view - 2008 |
A Short History of Economic Thought Bo Sandelin,Hans-Michael Trautwein,Richard Wundrak No preview available - 2008 |