Whether a theoretical system is realistic or not has been a concern in economics, particularly in monetary theory, over … the past century. Following John R. Hicks' proposal that a realistic monetary theory could be constructed along an … basic theories of monetary analysis. Concentrating primarily on certain fundamental building blocks it covers: the theory …

12 and 17 of the General Theory. It essentially reduced Keynes to sticky wages and prices, with nonneutral money only in … ; New Classical ; New Monetary Consensus ; Monetary Theory of Production ; Effective Demand ; Special Properties of Money …) coming. Obviously, the answer is complex, but it must include reference to the evolution of macroeconomic theory over the …

about the Quantity Theory of Money, but he hesitated to probe too deeply into the political and ideological elements of its … history, perhaps leading him to underestimate their importance for the theory's evolution. -- money ; Quantity theory ; value … theory ; positive economics ; empiricism ; formalism ; bimetallism ; gold standard ; monetarism …

theoretic approach to monetary policy. Leading theorists and practitioners of this view have indeed rejected the quantity theory … of money, and defended a return to the old Wicksellian idea of eliminating high levels of inflation by adjusting nominal … interest rates to changes in the price level. This paper evaluates these recent developments in the theory and practice of …

of money via the use of money for public purpose, following the principles of Modern Money Theory (MMT). When used …This paper explores the rise of money and class society in ancient Greece, drawing historical and theoretical parallels … metallist theories of money. It will be shown that the origins and the evolution of money were closely intertwined with the rise …