The Barnett Critique

نویسندگان

چکیده

The Barnett critique states that there is an internal inconsistency between the theory implied by simple sum monetary aggregation (perfect substitutability among components) and economic produces models within which those aggregates are used. That causes appearance of unstable demand supply for money. incorrect inference money has caused serious harm to field economics.

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ژورنال

عنوان ژورنال: Encyclopedia

سال: 2021

ISSN: ['2673-8392']

DOI: https://doi.org/10.3390/encyclopedia1030073