Monetary-disequilibrium Theory
Monetary disequilibrium theory is basically a product of the Monetarist school mainly represented in the works of Leland Yeager and Austrian macroeconomics. The basic concept of monetary equilibrium (disequilibrium) was however defined in terms of an individual's demand for cash balance by Mises (1912) in his Theory of Money and Credit.
Monetary Disequilibrium is one of three theories of macroeconomic fluctuations which accord an important role to money. The others being the Austrian theory of the business cycle and one based on rational expectations.
Read more about Monetary-disequilibrium Theory: History of The Concept, Early Monetary-equilibrium Theory, Monetary-equilibrium in The Austrian School, Synthesis of The Yeager and Austrian Theory, Monetary-equilibrium, Loanable Funds and Interest Rates, Monetary Equilibrium, Classics and Keynes, Problems With Monetary-disequilibrium Theory
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“If my theory of relativity is proven correct, Germany will claim me as a German and France will declare that I am a citizen of the world. Should my theory prove untrue, France will say that I am a German and Germany will declare that I am a Jew.”
—Albert Einstein (1879–1955)