Quarterly Journal of Austrian Economics

A Simple Model of the Theory of Money Prices

The Quarterly Journal of Austrian Economics

Volume 9, No. 4 (Winter 2006)

Ludwig von Mises (1981; 1998) is generally and properly credited by contemporary Austrians with having reintegrated monetary theory with general economic theory from which it had been severed by the neoclassical quantity theory. However, broader recognition of Mises’s contribution in merging monetary and value theory has been hindered by certain deficiencies in the  organization of his exposition and the absence of a straight forward heuristic for conveying his achievement.


Salerno, Joseph T. “A Simple Model of the Theory of Money Prices.” The Quarterly Journal of Austrian Economics 9, No. 4 (Winter 2006): 39–55.

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