theories -- Monetary analysis in classical economics: banking school and neo-Ricardian monetary theory of distribution … -- Monetary analysis in Marx's economics -- Marx's 'monetary theory of value' -- The level of prices, the rejection of Say's Law … for the theory of accumulation and crisis -- Keynes's 'monetary theory of production' and the post-Keynesian research …

) coming. Obviously, the answer is complex, but it must include reference to the evolution of macroeconomic theory over the … leave out the parallel developments in finance theory - with its efficient markets hypothesis - and in approaches to … 12 and 17 of the General Theory. It essentially reduced Keynes to sticky wages and prices, with nonneutral money only in …