© 1992

Classical Theories of Money, Output and Inflation

A Study in Historical Economics


Part of the Studies in Political Economy book series (STPE)

Table of contents

  1. Front Matter
    Pages i-xii
  2. Introduction

    1. Front Matter
      Pages 1-1
    2. Roy Green
      Pages 3-7
    3. Roy Green
      Pages 8-22
  3. Metallic Currency

    1. Front Matter
      Pages 23-23
  4. Currency and Credit

    1. Front Matter
      Pages 103-103
    2. Roy Green
      Pages 105-127
    3. Roy Green
      Pages 128-160
    4. Roy Green
      Pages 161-203
  5. Conclusion

    1. Front Matter
      Pages 205-205
    2. Roy Green
      Pages 207-212
  6. Back Matter
    Pages 213-271

About this book


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.


economics Inflation monetarism money

Authors and affiliations

  1. 1.University of NewcastleAustralia

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