Monetary orthodoxy and heterodoxy: the question of currency neutrality

Vol. 24 No. 3 (2004)

Jul-Sep / 2004
Published July 1, 2004
PDF-Portuguese (Português (Brasil))
PDF-Portuguese (Português (Brasil))

How to Cite

Mollo, Maria de Lourdes Rollemberg. 2004. “Monetary Orthodoxy and Heterodoxy: The Question of Currency Neutrality”. Brazilian Journal of Political Economy 24 (3):323-45. https://doi.org/10.1590/0101-35172004-1619.

Monetary orthodoxy and heterodoxy: the question of currency neutrality

Maria de Lourdes Rollemberg Mollo
Professora do Departamento de Economia da Universidade de Brasília. Campus Universitário Darcy Ribeiro, Brasília/DF, Brasil.
Brazilian Journal of Political Economy, Vol. 24 No. 3 (2004), Jul-Sep / 2004, Pages 323-345

Abstract

The paper reviews the controversies on the neutrality/non-neutrality of money in the History of Economic Thought establishing criteria for the classification of orthodoxy and heterodoxy, especially in what concerns monetary issues. The article emphasizes the non-neutrality of money on the perspective of the Marxian monetary theory of inflation, making its point on the differences of the Monetarist theory of inflation.

JEL Classification: E4; E5; E11; E12; E40; E50.


Keywords: Currency neutrality of money non-neutrality of money monetary orthodoxy monetary heterodoxy