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- W2377772891 abstract "Nowadays whether one accept the dichotomy between monetary economy and real economy or not, has been taken as one of the important standards of classifying macroeconomic schools. The classical school held that monetary economy can't affect real economy and therefore the dichotomy is always tenable. J.G.Knut Wicksell however proved that the dichotomy is generally untenable unless monetary rate of interest is just equal to natural rate. J.M.Keynes denied the dichotomy by direct analyses of product and employment, whereas M.Friedman revived the dichotomy in a long run analysis according to his permanent income hypothesis." @default.
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- W2377772891 date "2001-01-01" @default.
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- W2377772891 title "On the Evolution of “the Dichotomy between Monetary Economy and Real Economy”" @default.
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