... hand, the neo-Bo¨hm-Bawerkians of the 1960sand 1970s, led by P. Bernholz and M. Faber, tried to go beyond the limits set by the analysis of their master. On the other, economists like215 the ... M0 the current-account bank deposits, V0 the rate of turnover of the deposits, and T the transactions. No other mathematical formula in the whol e of economics,nor, perhaps, in any other discipline, ... on the premisses of classicaltheory. The Ricardian system was described as the apotheosis of egoism’.Clark advanced the counter-proposal of State intervention to reduce the economic power of...