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Article
The principle of the non-neutrality of money. A response to Dr. Humphrey
Procesos de Mercado, Revista Europea de Economía Política (2011)
  • Adrian O. Ravier, Dr., Francisco Marroquin University
Abstract

This article answers Dr. Humphrey contention on the similarities between monetarist and Austrian approaches to the neutrality of money. Monetarists at most only concentrate on short term non neutrality while Austrians base their analysis in short, medium and long term non neutrality. For the more, monetarists lack a true theory of capital that could let then understand thet even with flexible markets money would not be neutral in the short term.

Publication Date
Fall 2011
Citation Information
Adrian O. Ravier. "The principle of the non-neutrality of money. A response to Dr. Humphrey" Procesos de Mercado, Revista Europea de Economía Política Vol. 8 Iss. 2 (2011)
Available at: http://works.bepress.com/adrian_ravier/4/