THE RHETORIC OF FRIEDMAN'S QUANTITY THEORY MANIFESTO

Thomas Mayer

No 168, Working Papers from University of California, Davis, Department of Economics

Abstract: In 1956 when Friedman published his ""The Quantity Theory of Money: A Restatement"" he faced a daunting task because of the widespread hostility to the quantity theory. This paper looks at the rhetoric (in the non-pejorative sense of the term) that he used to overcome this obstacle, and at some of the characteristics of the essay that contribute to its persuasiveness.

Pages: 26
Date: 2003-01-07
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