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A Sraffian interpretation of classical monetary controversies

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  • Germán D. Feldman

Abstract

The aim of this paper is to explore the contrasting views of inflation, exchange rate misalignments and determinants of gold flows held by different branches of the classical school during the first half of the nineteenth century. The properties of money neutrality and money endogeneity within the classical system are studied by reinterpreting these controversies through the analytical framework of the surplus approach as reconstructed by Sraffa [ Production of Commodities by Means of Commodities . Cambridge: Cambridge University Press, 1960] and his followers.

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  • Germán D. Feldman, 2015. "A Sraffian interpretation of classical monetary controversies," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 22(4), pages 634-661, August.
    • Handle: RePEc:taf:eujhet:v:22:y:2015:i:4:p:634-661
    DOI: 10.1080/09672567.2013.792370
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    References listed on IDEAS

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    1. Tooke, Thomas, 1844. "An Inquiry into the Currency Principle," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number tooke1844.
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    Cited by:

    1. Santiago J. Gahn, 2021. "Book Review - A Source Book on Early Monetary Thought, Elgar Publishing Limited 2020, 336 pages. ISBN: 9781839109980. Edited by Edward W. Fuller," Bulletin of Political Economy, Bulletin of Political Economy, vol. 15(1), pages 109-113, June.

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