The Foundations of Money Illusion in a Neoclassical Micro-Monetary Model: Reply.

The article presents the author's views on the foundations of money illusion in a neoclassical micro-monetary model. The analysis of money illusions, as suggested by two economists Robert Clower and John Riley, rests entirely on the claims that the assumption of degree zero homogeneity (in the varia...

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Publicado en:	American Economic Review Vol. 66; no. 1; pp. 192 - 196
Autores principales:	Dusansky, Richard, Kalman, Peter J.
Formato:	Artículo
Publicado:	American Economic Association Mar1976
Materias:	Money illusion Economic demand Neoclassical school of economics Utility functions Clower, Robert Elasticity (Economics) Riley, John Supply & demand Budget
Acceso en línea:	Ver este registro en EBSCOhost