This paper reexamines the Classical School's attitude to central banking. A novel framework relates views on central banking to positi ons on the application of free trade-specifically the Real Bills Doct rine-in determining the quantities of money and credit. This framewor k clarifies the...

The Restriction period, which began in England in 1797, marked a crucial turning point for both monetary theory and policy. The debates during the Restriction concerning the complicated relationship between inflation, the exchanges and monetary aggregates came to be known as the Bullionist...

This article focuses on the economic dimension of Israeli policy towards the Palestinian territories occupied in 1967. The paper argues that since 1967, both before and after the Oslo process, Israeli policy was directed at preventing the ‘Two’, i.e. the division of the land into two states...