Arestis, Philip; Howells, Peter - In: Journal of Post Keynesian Economics 24 (2002) 2, pp. 181-203
The causes of the "great inflation" of the sixteenth century have long been the subject of controversy. Since some major work in the 1930s, historians have argued over a "monetary" and a "real" interpretation. What we show in this paper is, first, that there was a dissenting opinion even then;...