Tag: Classical Theory

Quantity Theory of Money: Its Explanation

By TopicBin . Updated . 7 min read . 0 comments

Quantity Theory of Money The purpose of this article is to make you know the different versions of the quantity theory of money along with underlying assumptions and flaws. Italian economist Davanzatti developed the quantity theory of money, and American economist Irving Fisher popularized it after his influential book

Say’s Law of Market

By TopicBin . Updated . 3 min read . 0 comments

Fallback Image Say's law of the market is a very famous classical theory of employment. It is said that Say's law of market and the quantity theory of money are the two building blocks of the complete classical theory of income determination. Say's law of market explains