Titlebook: Wicksell’s Monetary Theory; Guglielmo Chiodi Book 1991 Guglielmo Chiodi 1991 critique.interpret.interpretation.Italy.monetary theory.schoo

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Indigence

Book 1991Originally published in Italian in 1983, the book elaborates and interprets Wicksell‘s monetary theories, contrasting them with the methodological approach of both classical economists and members of the Swedish school.

Terminal

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健谈

,Wicksell’s Elaboration: The Making of the Scheme, regards the former, Wicksell arrived on the scene at a time when three separate strands of thought, quite different from each other in approach, had just replaced that of the classical economists: (i) English marginalist, (ii) Walrasian, (iii) Austrian (Böhm-bawerkian).

缓和

The Orthodox Interpretation,tion of Wicksell’s monetary theory, summing up in an extremely clear way many other interpretations, which all follow — Patinkin’s included of course — a certain and definite viewpoint (as well as a certain and definite ‘vision’ of the economic system) concisely centered on the notions of ‘equilibrium’ and ‘stability’ of equilibrium..

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The Ricardian Legacy,tity theory of money, particularly the Ricardian monetary theory. As regards the former, in fact, he maintains on the one hand that ‘indeed, it is the only one which attempts in some degree to provide a rational explanation’ (Wicksell, 1898b, p. 50);. and that it is ‘the only specific theory of the

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Aspiration

,Wicksell’s Elaboration: Some Preliminaries,ined in the present work. Moreover, that literature has quite frequently had a highly critical attitude, sometimes hostile, toward a theoretical approach which, in retrospect, can surely be taken as a milestone in laying the foundations of modern monetary theory..