WELLS, DONALD R.; GOOTZEIT, MICHAEL J. - In: Studies in Economics and Finance 8 (1984) 2, pp. 81-96
This paper focuses on the differences between the Austrian School's (Au) and the Monetarist's (Mt) position on Monetary theory. It will be shown that Au have a complete micro outlook that is not in the quantity theory tradition. Au reject central banking and coordinated monetary policy in favor...