This paper analyses the nature and the dynamics of money Velocity on the basis of its links to the standard monetary and credit aggregates. This inquiry reveals deep connections between Velocity and the real economy, which stem from the fundamental relation between the interest rate and the...

The concept of neutral money plays a central role in contemporary macroeconomic theory as an implication of the “classical dichotomy” and is also very much a live issue in recent monetary policy discussion revolving around the notion of a “neutral interest rate.” Modern scholars...

I examine the history of the concept of spontaneity in philosophy and the social sciences, particularly as it relates to monetary phenomena. I then offer an argument for the general significance of spontaneity. Scholars across the humanities and social sciences, whatever their (disciplinary,...

This unique study into the roots of Max Weber's Political Economy, is an intriguing read and a valuable contribution to the Weberian literature. Parsons argues that Weber's analysis is highly influenced by the Austrian School of Economics and the relationship between his critique of centrally...