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From Markets to Money

Listed author(s):
  • 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)

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    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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    Article provided by Cyprus Economic Society and University of Cyprus in its journal Ekonomia.

    Volume (Year): 3 (1999)
    Issue (Month): 1 (summer)
    Pages: 1-13

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    Handle: RePEc:ekn:ekonom:v:3:y:1999:i:1:p:1-13
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