On prices in Myrdal's Monetary Theory
ABSTRACT: The aim of this paper is to show how Myrdal monetary theory can contribute to the study of the behaviour of prices in disequilibrium. The analysis explains the existence of a cumulative process based on the capacity of the entrepreneur to anticipate price variations. The variation in price...
- Autores:
-
Tobón Arias, Alexander de Jesús
- Tipo de recurso:
- Article of investigation
- Fecha de publicación:
- 2006
- Institución:
- Universidad de Antioquia
- Repositorio:
- Repositorio UdeA
- Idioma:
- eng
- OAI Identifier:
- oai:bibliotecadigital.udea.edu.co:10495/6793
- Acceso en línea:
- http://hdl.handle.net/10495/6793
- Palabra clave:
- Teoría monetaria
Myrdal, Gunnar
Precios
Procesos acumulativos
- Rights
- openAccess
- License
- http://creativecommons.org/licenses/by-nc-nd/2.5/co/
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On prices in Myrdal's Monetary Theory |
| title |
On prices in Myrdal's Monetary Theory |
| spellingShingle |
On prices in Myrdal's Monetary Theory Teoría monetaria Myrdal, Gunnar Precios Procesos acumulativos |
| title_short |
On prices in Myrdal's Monetary Theory |
| title_full |
On prices in Myrdal's Monetary Theory |
| title_fullStr |
On prices in Myrdal's Monetary Theory |
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On prices in Myrdal's Monetary Theory |
| title_sort |
On prices in Myrdal's Monetary Theory |
| dc.creator.fl_str_mv |
Tobón Arias, Alexander de Jesús |
| dc.contributor.author.none.fl_str_mv |
Tobón Arias, Alexander de Jesús |
| dc.subject.none.fl_str_mv |
Teoría monetaria Myrdal, Gunnar Precios Procesos acumulativos |
| topic |
Teoría monetaria Myrdal, Gunnar Precios Procesos acumulativos |
| description |
ABSTRACT: The aim of this paper is to show how Myrdal monetary theory can contribute to the study of the behaviour of prices in disequilibrium. The analysis explains the existence of a cumulative process based on the capacity of the entrepreneur to anticipate price variations. The variation in prices explains the persistence of the cumulative process. This, we argue, represents an opposite view of the one contained in Wicksell’s theory. Myrdal’s theory leads to the rejection of the quantity theory of money based on Wicksell’s approach. This comes as a surprising result knowing Wicksell believed his results confirmed this theory. |
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2006 |
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2006 |
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2017-04-05T20:16:55Z |
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2017-04-05T20:16:55Z |
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Artículo de investigación |
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2. Tobon, A. (2006). On Prices in Myrdal’s Monetary Theory. History of Economics Review, 43(1), 88–100. https://doi.org/10.1080/18386318.2006.11681223 |
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1037-0196 |
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http://hdl.handle.net/10495/6793 |
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1838-6318 |
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2. Tobon, A. (2006). On Prices in Myrdal’s Monetary Theory. History of Economics Review, 43(1), 88–100. https://doi.org/10.1080/18386318.2006.11681223 1037-0196 1838-6318 |
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eng |
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eng |
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Hist. Econ. Rev. |
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100 |
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1 |
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87 |
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43 |
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History of Economics Review |
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Tobón Arias, Alexander de Jesús2017-04-05T20:16:55Z2017-04-05T20:16:55Z20062. Tobon, A. (2006). On Prices in Myrdal’s Monetary Theory. History of Economics Review, 43(1), 88–100. https://doi.org/10.1080/18386318.2006.116812231037-0196http://hdl.handle.net/10495/67931838-6318ABSTRACT: The aim of this paper is to show how Myrdal monetary theory can contribute to the study of the behaviour of prices in disequilibrium. The analysis explains the existence of a cumulative process based on the capacity of the entrepreneur to anticipate price variations. The variation in prices explains the persistence of the cumulative process. This, we argue, represents an opposite view of the one contained in Wicksell’s theory. Myrdal’s theory leads to the rejection of the quantity theory of money based on Wicksell’s approach. This comes as a surprising result knowing Wicksell believed his results confirmed this theory.13 páginasapplication/pdfengTaylor and Francis GroupEstados Unidoshttp://creativecommons.org/licenses/by-nc-nd/2.5/co/https://creativecommons.org/licenses/by-nc-nd/4.0/Atribución-NoComercial-SinDerivadas 2.5 Colombiainfo:eu-repo/semantics/openAccesshttp://purl.org/coar/access_right/c_abf2Teoría monetariaMyrdal, GunnarPreciosProcesos acumulativosOn prices in Myrdal's Monetary TheoryArtículo de investigaciónhttp://purl.org/coar/resource_type/c_2df8fbb1https://purl.org/redcol/resource_type/ARThttp://purl.org/coar/version/c_970fb48d4fbd8a85info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionHist. Econ. 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