Monetary Disequilibrium Theory

Some articles on monetary, theory, disequilibrium:

Problems With Monetary-disequilibrium Theory
... According to Yeager, monetary-disequilibrium is a part of the monetarist tradition which states that "money matters the most" which cannot be true as in ... The static definition of equilibrium at the heart of monetary-disequilibrium theory is flawed as he uses a very neoclassical definition on the macro-economic level i.e ... into consideration that business cycles start not just with monetary-disequilibrium but happens when that disequilibrium enters the market for lonable funds and produces disequilibrium there, such that ...

Famous quotes containing the words theory and/or monetary:

    We commonly say that the rich man can speak the truth, can afford honesty, can afford independence of opinion and action;—and that is the theory of nobility. But it is the rich man in a true sense, that is to say, not the man of large income and large expenditure, but solely the man whose outlay is less than his income and is steadily kept so.
    Ralph Waldo Emerson (1803–1882)

    There is no legislation—I care not what it is—tariff, railroads, corporations, or of a general political character, that all equals in importance the putting of our banking and currency system on the sound basis proposed in the National Monetary Commission plan.
    William Howard Taft (1857–1930)