The formation of fix and flex prices and monetary theory: an appraisal of John Hicks’ A market theory of money
Keywords:John Hicks, A market theory of money, SI-LL
The work represents an analysis of Sir John Hick’s book A market theory of money. Sir John has, on a number of occasions, taken his distance from the SI-LL model and what has been made of it in mainstream economics. He has never done this with respect to his own approach to money, or discussed why, given the initial similarity with Keynes’ approach to liquidity, he went on to develop a diverse approach. It is this difference which will be the centre of our discussion.
JEL: B22, B31, E30
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