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Beyond the Analytics of the Monetary Approach to the Balance of Payments: Methodology, Innovation and Monetarism

Beyond the Analytics of the Monetary Approach to the Balance of Payments: Methodology, Innovation and Monetarism
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Year:    1980

Author:    Fausten, Dietrich K

Credit and Capital Markets – Kredit und Kapital, Vol. 13 (1980), Iss. 1 : pp. 66–82

Abstract

In the present study an attempt is made to elucidate the meaning of the frequent attributions in the literature on the frequent attributions in the literature on the monetary approach to David Hume, and to the classical tradition of balance of payments analysis. Given the distinct analytical dissimilarities between the classical, specifically the Humean, and contemporary monetary approaches, it is contended that this meaning lies outside the sphere of the specific analytics of economic model-building. Instead, it is argued, the recurring references to orthodoxy are indicative of a non-extremist methodological approach to the history of economic thought, and further that they are consistent with the requirements of innovation in economics as well as with the express desire to dissociate the monetary approach from contemporary monetarism.

Journal Article Details

Publisher Name:    Global Science Press

Language:    Multiple languages

DOI:    https://doi.org/10.3790/ccm.13.1.66

Credit and Capital Markets – Kredit und Kapital, Vol. 13 (1980), Iss. 1 : pp. 66–82

Published online:    1980-01

AMS Subject Headings:    Duncker & Humblot

Copyright:    COPYRIGHT: © Global Science Press

Pages:    17

Author Details

Fausten, Dietrich K

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Section Title Page Action Price
Dietrich K. Fausten: Beyond the Analytics of the Monetary Approach\rto the Balance of Payments: Methodology, Innovation\rand Monetarism 66
I. Introduction 66
II. Methodological Moderatism 67
III. Innovation in Economics and the Problem of Audience Receptivity 72
IV. The Monetary Approach versus Monetarism 76
V. Conclusion 79
References 80
Zusammenfassung: Von der Analytik des monetaristischen Ansatzes bis zur Zahlungsbilanz: Methodologie, Innovation und Monetarismus 81
Summary: Beyond the Analytics of the Monetary Approach to the Balance of Payments: Methodology, Innovation and Monetarism 82
Résumé: De l'analytique de l'hypothèse monétariste à la balance des paiements: méthodologie, innovation et monétarisme 82