Quarterly Journal of Austrian Economics
Author:
Arkadiusz Sieroń
Online Publish Date:
Abstract : Book (2019) claims that Austrian economists attach too much weight to Cantillon’s discussion of monetary redistribution, while Sumner (2012a, 2012b, 2012c) argues that it makes very little difference how new money is injected. In this note, I critically review these arguments, finding that they are unconvincing. The Cantillon effect