The Keynesian Revolution

Roy Harrod

Chapter 7 in Money, 1969, pp 162-184 from Palgrave Macmillan

Abstract: Abstract There were, of course, in the nineteenth century, and afterwards, objectors to the quantity theory. But these consisted mainly of members of the ‘ historical school’, who were allergic to any strict form of theory whatever. Within the great tradition of classical and neo-classical economics there was probably a greater consensus of opinion about the truth of the quantity theory of money than about any other economic tenet, except for those of the utmost generality.

Keywords: Interest Rate; Price Level; Money Supply; Natural Rate; Full Employment (search for similar items in EconPapers)
Date: 1969
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DOI: 10.1007/978-1-349-15348-0_7

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