Robert Clower (Hugh c. Lane Professo9r of Economics Economic Theory, the University of South Carolina; Honorary Fellow, Brasenose College, Oxford; Professor of Economics Emeritus, UCLA)
Abstract
The ‘human’ propensity to truck and barter’ as adumbrated by Adam Smith, J. B. Say, Jevons and other pre-neoclassical writers offers an account of the pre-requisites for the emergence of markets and related monetary phenomena that is empirically as or more persuasive than anything offered by modern monetary ‘theorists’. This paper presents a heuristic underpinning for that earlier literature.
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Publisher Info
Article provided by Cyprus Economic Society and University of Cyprus in its journal Ekonomia.