Benetti, Carlo; Cartelier, Jean - In: New perspectives on political economy and its history, (pp. 241-257). 2020
This chapter inquires into what could or should be a Classical theory of money and prices sixty years after Sraffa … theory of money; (iii) Cantillon-Smith rule is pivotal to Classical market prices determination. The authors contend that: (i …) the coexistence of a natural price and a legal price of gold is a necessary condition for a Classical theory of money; (ii …