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Monetarists and monetarians

In: The Mechanics of Money

Author

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  • Jacques Riboud

Abstract

Monetarists should not be confused with ‘monetarians’. The former are those who study the way money works, the way it is created, the way it circulates, the way it is destroyed and its role in trade. They attempt to understand, to analyse and to explain — objectively. The ‘monetarians’, as I shall call them, are those who take sides and abandon their detachment; they believe in money as an instrument for the control and regulation of the economy; they argue that by regulating the creation of money and the way it circulates governments can achieve their main economic and even political aims.1 (1)

Suggested Citation

  • Jacques Riboud, 1980. "Monetarists and monetarians," Palgrave Macmillan Books, in: The Mechanics of Money, chapter 2, pages 124-131, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-05112-0_12
    DOI: 10.1007/978-1-349-05112-0_12
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