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Quantity Theory Themes

James Forder

Chapter Chapter 14 in Milton Friedman, 2019, pp 215-260 from Palgrave Macmillan

Abstract: Abstract Friedman’s work of the 1960s and some of that of the 1970s which either led to or was derivative from A Monetary History of the United States is considered. It is suggested that six strands of enquiry, all of them relating to the Quantity Theory of Money can be identified. Each strand is analysed. It is observed that Friedman’s accounts of the development of monetary thought since 1936 are inadequate, but that his attempts to bring empirical resolution to disputed theoretical issues seem sincere and inventive. Nevertheless, he failed to achieve the consensus he sought.

Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:pal:gtechp:978-1-137-38784-4_14

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DOI: 10.1057/978-1-137-38784-4_14

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