• DOI:10.1016/B978-0-12-356750-5.50023-2
Corpus ID: 156044776

THE THEORY OF MONEY AND INCOME CONSISTENT WITH ORTHODOX VALUE THEORY

@inproceedings{Thompson1974THETO,
  title={THE THEORY OF MONEY AND INCOME CONSISTENT WITH ORTHODOX VALUE THEORY},
  author={Earl A. Thompson},
  year={1974}
}

Earl A. Thompson

Published 1974

Economics

Publisher Summary This chapter discusses the theory of money and income consistent with orthodox value theory. It also presents a theory that has a perfectly competitive, private supply of all goods. There is a money economy that is consistent with orthodox value theory, and in any such economy, which is called perfectly competitive money economy, there is (1) a classical dichotomy between the real and monetary sectors, (2) an absence of real balance effects, (3) an absence of effects of… CONTINUE READING

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