Lest this thread get out of hand, I hope to scotch any  
misunderstanding of the "Last Classical" designation.

The phrase as nothing more than a purely rhetorical device designed to  
pinpoint James's monetary theoretic stance and to capture key aspects  
of his debating style, strategy, and tactics. In short, "Last  
Classical" is a metaphorical abstraction, neither literally true nor  
strictly accurate.  Instead it is an exaggeration, a deliberate  
overstatement.

I thought readers would understand as much and interpret the phrase  
accordingly. I could have been clearer in signaling the phrase's  
intended meaning.