Classical Monetary Theory, New and Old
列出新货币理论的六个特征，并检验它们是否代表自坎蒂隆以来的古典和新古典传统，结果基本否定，认为新古典经济学名不副实，而凯恩斯实际上更接近传统。
The distinctive features of so-called new monetary theory may be listed as (1) rational expectations; (2) quantity th eory of money; (3) interest policy indeterminancy; (4) market clearin g; (5) neutral money; and (6) monetary policy ineffectiveness. This p aper investigates whether these features actually represent the tradi tion of classical and neoclassical since Richard Cantillon. The result is largely negative, new classical economics is a mis nomer. Keynes, however, with all his effort to create a revolution, r emained actually quite close to the tradition. Copyright 1987 by Ohio State University Press.