Monetary Veil View

…J. Stewart, who wrote Principles of Economics (1767), was the scholar who achieved this culmination. However, as the systematization of distribution theory based on value theory progressed from A. Smith (The Wealth of Nations, 1776) to D. Ricardo (Principles of Political Economy and Taxation, 1817), discussions of money and credit were placed in a detached position, and there was a tendency to treat money as if it were not essential to the economic system, which was later called the "Bale view of money." In contrast to this, research on finance, which was carried out amid the full-scale development of the modern financial system, began to take a different course from the theoretical systematization of classical economics. …

*Some of the terminology explanations that refer to the "monetary veil view" are listed below.

Source | Heibonsha World Encyclopedia 2nd Edition | Information

…《経済学原理》(1767)を著したJ.スチュアートはその集大成をとげた学者である。しかしその後，A.スミス(《国富論》1776)からD.リカード(《経済学と課税の原理》1817)へと，価値論にもとづく分配論の体系化が進むにつれて，貨幣や信用に関する議論はそこから遊離した地位におかれるようになり，後に〈貨幣ベール観〉と呼ばれるような，貨幣が経済システムにとって本質的でないような扱いをうける傾向が生じた。それと裏腹に，近代的金融制度の本格的発展のなかで行われた金融分野の研究は古典派経済学の理論的体系化とは別の流れを形づくるようになった。…

※「貨幣ベール観」について言及している用語解説の一部を掲載しています。

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