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The Optimum Quantity of Money: A Comment

However, there seems that many obscurities remain in his criticism of the classical and neo-classical position in monetary theory, as presented by several authors. Tyler appears to simply state that their argument is incorrect, without substantiating such a conclusion anywhere in the article. As initially stated, the study makes a useful contribution in the sense of approaching the problem from the standpoint of dynamic optimization, but I consider that the author should have expressed his conceptual framework with clarity, and explicitly justify his attack on previous works.