Free Markets, Monetarism and the Austrian School

G. R. Steele
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G. R. Steele: University of Lancaster

Chapter 12 in Monetarism and the Demise of Keynesian Economics, 1989, pp 123-130 from Palgrave Macmillan

Abstract: Abstract Industrialisation required change in the organisational structure of commerce. During the eighteenth and nineteenth centuries this had been continuously forced by the market process. There were adjustments to new specialisations and to growing economic interdependence. Rapid growth brought material advancement and proved capable of supporting an ever larger population, although hardship was experienced during intermittent periods of trade recession.

Keywords: Free Market; Full Employment; Austrian School; Market Process; Quantity Theory (search for similar items in EconPapers)
Date: 1989
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-09994-8_12

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DOI: 10.1007/978-1-349-09994-8_12

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