Austrian economist Murray Rothbard, who wrote America's Great Depression ( 1963 ), rejected the Monetarist explanation.

He is known also for his work on the shifting global economy, mapping the eastwards movement in the world's economic centre of gravity away from its 1980s mid-Atlantic location, and for work while a graduate student on the appendix to the famous Monetarist paper, " Some Unpleasant Monetarist Arithmetic "' ( by Thomas Sargent and Neil Wallace ), a paper that is considered to be a significant contribution to the field of Monetary Economics.

Monetarist economists such as Milton Friedman argue against the concept of cost-push inflation because increases in the cost of goods and services do not lead to inflation without the government and its central bank cooperating in increasing the money supply.

Other economists ( such as Nobel laureate Amartya Sen ) have argued that the experience of Chile in this period rather demonstrate the failure of Friedman-style economic liberalism, claiming that there was little net economic growth from 1975 – 1982 ( during the “ pure Monetarist experiment ”).

However, in more recent years, since the end of the Bretton Woods system in 1971, with the increasing influence of Monetarist schools of thought in the 1980s, and particularly in the face of large sustained trade imbalances, these concerns — and particularly concerns about the destabilising effects of large trade surpluses — have largely disappeared from mainstream economics discourse and Keynes ' insights have slipped from view.

Monetarist economist Milton Friedman sent Powell a letter praising him as principled.

" The Keynesian Revolutions and the Monetarist Counter-Revolution ," American Economic Review, 61 ( 2 ), p p. 1-14.

Acceptance of the Austrian explanation of what primarily caused the Great Depression is compatible with either acceptance or denial of the Monetarist explanation.

Friedrich Hayek, another prominent Austrian economist, disagreed with Rothbard's criticism of the Monetarist explanation.

The Cambridge version of the quantity theory led to both Keynes's attack on the quantity theory and the Monetarist revival of the theory.

Money and Inflation: A Monetarist Approach 2e, Harcourt Brace Jovanovich / Academic Press, 1982.

In 1979, Peters and Arthur Donner wrote a book titled " The Monetarist Counter-revolution: A Critique of Canadian Monetary Policy, 1975-1979.

* McCulloch, James Huston ; Money and Inflation: A Monetarist Approach 2e, Harcourt Brace Jovanovich / Academic Press, 1982.

Monetary disequilibrium theory is basically a product of the Monetarist school mainly represented in the works of Leland Yeager and Austrian macroeconomics.

Garvy, George, 1978, " Carl Snyder, Pioneer Economic Statistician and Monetarist ," History of Political Economy 10: 454-90.

Just as present technology had to await the explanations of physics, so one might expect that social invention will follow growing sociological understanding.

No action of his could be interpreted in his favor and four midshipmen, prior to their knowing the significance of the Greek paper, had seen it in Cromwell's hands while Spencer whispered explanations.

The study had two possible explanations for this: one opportunity-based and the other grievance-based.

Possible explanations include that the Nicaraguan people were disenchanted with the Ortega regime as well as the fact that already in November 1989, the White House had announced that the economic embargo against Nicaragua would continue unless Violeta Chamorro won.

( Different fiddle traditions had different values, as detailed below ; these explanations are meant to present the differences between fiddle music and violin music generally.

Coulomb further considered the influence of sliding velocity, temperature and humidity, in order to decide between the different explanations on the nature of friction that had been proposed.

The philosopher Thales ( 7th and 6 centuries BCE ), dubbed " the Father of Science " for refusing to accept various supernatural, religious or mythological explanations for natural phenomena, proclaimed that every event had a natural cause.

The Historia Augusta suggests three alternative explanations: that the first Caesar had a thick head of hair ( Latin caesaries ); that he had bright grey eyes ( Latin oculis caesiis ); or that he killed an elephant ( caesai in Moorish ) in battle.

He compared the memories with reports of people known to the deceased, attempting to do so before any contact between the child and the deceased's family had occurred, and searched for disconfirming evidence that could provide alternative explanations for the reports aside from reincarnation.

A variety of esoteric explanations have been offered, but the simplest conclusion may be that these symbols represent the names of those who had raised, or are commemorated on, the stones.

The earlier conceptions likely had little influence on 18th century European geological explanations for the formation of the Earth.

Later Norman chroniclers suggest alternative explanations for Harold's journey: that he was seeking the release of members of his family who had been held hostage since Godwin's exile in 1051, or even that he had simply been travelling along the English coast on a hunting and fishing expedition and had been driven across the Channel by an unexpected storm.

Lawyer Phillip E. Johnson's first book Darwin on Trial ( published in 1991 ) attracted a group of scholars who shared his view that the exclusion of supernatural explanations by the scientific method was unfair and had led to the Edwards v. Aguillard ruling that teaching creation science in public schools was unconstitutional.

Two explanations are given for them being sent to a concentration camp: first, that they had managed to make contact with the French Resistance, some were disguised as civilians, and they were carrying false papers when caught ; they were therefore categorized by the Germans as spies, which meant their rights under the Geneva Convention were not respected.

Victorian explanations of mythology, which accounted for all gods as metaphors for natural events that had come to be taken literally, explained them as metaphors for the night sky and stars.

The latter compiled and edited the Mishnah ; Rav Ashi made it the labor of his life to collect after critical scrutiny, under the name of Gemara, those explanations of the Mishnah that had been handed down in the Babylonian academies since the days of Rab, together with all the discussions connected with them, and all the halakhic and haggadic material treated in the schools.

Adeline Loyau and her colleagues responded to Takahashi ’ s study by voicing concern that alternative explanations for these results had been overlooked and that these might be essential for the understanding of the complexity of mate choice.

Some hold them to be marks of erasure ; others believe them to indicate that in some collated manuscripts the stigmatized words were missing, hence that the reading is doubtful ; still others contend that they are merely a mnemonic device to indicate homiletical explanations which the ancients had connected with those words ; finally, some maintain that the dots were designed to guard against the omission by copyists of text-elements which, at first glance or after comparison with parallel passages, seemed to be superfluous.

Scholars have advanced several explanations to resolve the puzzle of why Peel made the seemingly irrational decision to sacrifice his government to repeal the Corn Laws, a policy which he had long opposed.

Two explanations have been given for this: they are so powerful they do not require speech and if they had mouths, the rain would never cease.

As part of his overall attempt to give natural explanations of things that had previously been ascribed to the agency of the gods, Anaximander believed that everything arose out of the elemental nature of the universe, which he called the " apeiron " or " unbounded ".

Eliade provided two distinct explanations for not having met with Sebastian: one was related to his claim of being followed around by the Gestapo, and the other, expressed in his diaries, was that the shame of representing a regime that humiliated Jews had made him avoid facing his former friend.

Even in domains where detailed and predictive understanding is still lacking, but where some explanations are possible, as with lightning and weather and earthquakes, the appropriate kind of human action has been more adequately indicated.

A number of theories have been proposed as explanations as well as criticisms regarding its existence.

Anthropology has been used in Britain to provide an alternative explanation for the Financial crisis of 2007 – 2010 to the technical explanations rooted in economic and political theory.

For these, other possible explanations have also been proposed.

Colloquially referred to as the New World, this second super continent came to be termed " America ", probably deriving its name from the feminized Latin version of Vespucci's first name .< ref > Rival explanations have been proposed ( see Arciniegas, Germán.

When continuity mistakes have been made, explanations are often proposed by either writers or fans to smooth over discrepancies.

The reaction to the explanations and assurances has been overwhelmingly negative, although a small number of customers have applauded the production in China.

The concept has been used in explanations of bank bailouts, excessive pay for CEOs, as well as complaints such as the exploitation of national treasuries, people, and natural resources.

Many homiletical explanations have been given for the name:

The most widely accepted explanation for these phenomena is that dark matter exists and that it is most likely composed of heavy particles that interact only through gravity and possibly the weak force ; however, alternate explanations have been proposed, and there is not yet sufficient experimental evidence to determine which is correct.

Various explanations have been put forth throughout history to explain what fossils are and how they came to be where they were found.

Eventually, natural explanations not involving intelligent life have been found for all such observations to date, but the possibility of discovery remains.

A number of possible explanations for this gap have been suggested, particularly differences in income and various socio-economic characteristics between black and white households.

However, a number of explanations have been offered, including maintaining ritual purity, teaching impulse control, encouraging obedience to God, improving health, reducing cruelty to animals and preserving the distinctness of the Jewish community.

A variety of explanations have been postulated over the years to account for sightings of the Loch Ness Monster.

Many other alternative explanations for the generation of lift by an airfoil have been put forward, of which a few are presented here.

Other explanations note that this tradition may have been created as a prevention measure in snow ravaged areas.

Several explanations have been put forward to explain the origin of the goddess

New South Greenland, observed in the Weddell Sea in 1823 but never again seen, may have been the result of a superior mirage, though other explanations, including icebergs, misnavigation and even fabrication have been suggested.

This would presume annual layering ; however, alternate explanations ( diurnal ) have also been proposed.

Several alternative explanations for the evidence have been proposed.

Other explanations have been given ( and demonstrated ) for different levels of development between twins.