Glossary of Concepts

 

Criticized Concepts

 

  • 45 degree curve
  • Balance of payments
  • Credit (in all versions)
  • Currency
  • Demand
  • Devaluation
  • Direct exchange versus indirect exchange
  • Distribution theory (Not fully developed)
  • Economic aggregates (Lipsey's aggregate supply and demand curve)
  • Economic equilibrium in its diverse expressions: S = I, real and monetary [currency] prices; etc.
  • Economic models
  • Economic unit of measure
  • Economy without money.
  • Employment and unemployment.
  • Endogenous and exogenous money
  • Exchange rates
  • Garrison's graphs
  • Gibson's paradox
  • Gresham's law
  • Inflation
  • Interest
  • Interest, different types according to each economic good (criticism of Wicksell)
  • IS-LM curves
  • Keynes' "barbarous relic"
  • Liquidity
  • Liquidity trap
  • Locke's problem
  • Monetary [currency] economic cycles
  • Monetary [currency] theory
  • Money
  • Money Regression Theorem
  • Money substitutes
  • National currencies
  • Negative interest
  • Neutrality of money
  • Phillips' curve
  • Price
  • Price Dichotomy
  • Prices in collectivism
  • Proportionality and homogeneity theories derived from the existence of currency
  • Quantity theory of money
  • Real versus monetary [currency] economy
  • Real versus monetary [currency] interest, or natural and monetary [currency] interest, equilibrium interest, etc.
  • Say's law
  • Supply
  • Transmission mechanism (the relation between the quantity of money [currency] , interest rates and prices)
  • Underconsumption theory or of deficiency of demand
  • Wealth
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